All to often arguments over a deceased loved ones estate ends up tearing families apart. In order to limited arguments over your estate and ensure that your personal items and property go to the people they are intended to you need to make your wishes known before the end of your life.
Open a discussion with family members and make sure that they know and understand what your wishes are for your final arrangements. Make sure that every member of your family knows your wishes so they will all be on the same page when it comes to your funeral, services or cremation.
By opening discussions early with family members they will not only understand what your final wishes are, but will have the security of knowing that you have considered this issue and when the time comes they will feel relieved that they don’t have to try and guess what they think you might want.
Create, gather, and store all important documents that your family will need to close your estate. Include titles to property, automobiles and boats, insurance policies, keys to any safety deposit boxes, stocks and bonds and of course your will.
You may also want to include you marriage certificates, divorce certificates, any promissory notes that you owe or are owed to you. Place all of these important documents in one place and tell family members or your attorney where these documents can be found.
You may also want to consider including individual letters to family members and other people who are important in your life thanking them for the time you had together and offering some last words of encouragement.
Make sure your wishes are put in writing by making sure that have a formal will drawn up that covers all of your major assets such as your home, any additional properties you own, vehicles, boats, stocks and bonds and other items of extreme worth.
Or state that these items are to be sold and the proceeds divided among the specific family members you mention in your will or to the charity of your choice or a combination of both. Make sure you are absolutely clear on who is to inherit what to avoid any misunderstanding or arguments once you have gone.
Prior to writing your will talk to all of your family members and find out who wants certain personal items of yours for sentimental reasons.
Make a list of these items and who gets them and include this list with your will. In the case of family photographs have copies made and distribute those copies to every family member who wants them, so that no one feels left out when it comes to those pictures that carry a lot of wonderful with memories with them.
Find out everything you need to protect your estate and leave it to your loved ones. Read our expert guides in our estate section and rest assured.