Estate Planning Red Flag – Your plan doesn’t provide for personal items

Description

Abstract: It’s natural that estate planning efforts focus on big-ticket items, such as real estate, business interests, retirement assets and brokerage accounts. But it’s important not to ignore the “small stuff,” like artwork, jewelry, furniture, antiques, clothing and collectibles. These items may not be as insignificant as one thinks. This short article explains why it can be beneficial to appraise some items and plan ahead as to how they should be distributed.