During estate planning, people tend to focus on the big-cost items, such as real estate, vehicles, business, retirement plans and personal investments. These assets do have a high monetary value, however sentimental value is important.
Family heirlooms and other personal items may not have a high monetary value, they can cause disputes amongst your heirs on who gets what.
A tip to help prevent dispute, if you discuss the distribution of sentimental items with your family members, which means all your heirs will have a say in the creation of the estate plan. Therefore, even when an heir doesn’t get exactly what they wanted, they will most likely accept the decision since they played a part in it.
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