Estate Planning Red Flag – Your plan doesn’t provide for items of sentimental value

Description

Abstract: Because many people focus on high-value assets in their estate plans, personal property items with relatively low monetary values that can have significant sentimental value may get overlooked. Using a personal property memorandum can help the estate’s executor on the disposition of personal property not covered by a will or living trust. This brief article explains the benefits of a personal property memorandum.