When thinking about an Estate Plan most people think primarily about their large financial assets: Real property, bank accounts, investment accounts, family businesses, etc.
Often though, the most heart-wrenching family rifts and disputes are not over the money, but over the little things that have little or no monetary value.
Your parents’ wedding rings, grandma’s heirloom candlesticks, mirror, or locket… These are the items that end up costing families more in harsh words, hurt feelings, and legal fees than any expensive property or valuable bank account.
These are the items that have a high emotional value — but many parents or grandparents don’t consider this when making out their Wills or Trusts.
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