..................................................
So many wills, trust documents and articles talk in general terms about dividing things fairly. There is rarely guidance for the real world “how tos” needed to make all of that happen, so most fall to executors to decide. How they do so is stressful and often can create resentments from the other heirs.
Whether awarding items in person or some other method, a list of estate items, preferably with photos, is usually needed to be sure everything is included and that each person gets the items they’ve chosen. Spreadsheets or simple lists are often created, ...BUT... there is an easier, free, estate inventory tool that allows photos, descriptions, values, and everything else you need to make the entire process a LOT simpler.
In a nutshell: The administrator of the estate signs up for the free software, creates your family account, and everyone can participate as they see fit, regardless of location.
(Details about the software and how to sign up are described in the "How to Sign Up" section near the bottom of this web page.)
(NOTE: Flathead Probate Concierge can freely help you set up your account if needed.)
Executors of estates have a challenging, often overwhelming, and rarely adequately appreciated job. Making things worse, they almost never have any previous experience doing it.
Getting things wrong or missing a key detail while dividing tangible personal property (furniture, jewelry, art, etc.) can create resentments and riffs in families that never heal.
So, below let's talk about:
1) What are the challenges families commonly face when trying to divide up the personal property in the estate.
2) Situations where the "Premium" version of this software should be used.
3) How to sign up for the free software.
A short list of decisions usually needed:
A. Process - What process will be used to divide things, and what things are to be included?
B. Packing and Shipping Costs - Who pays packing and shipping to each heir?
C. Does everything need a dollar value on it, or no values are to be used, or maybe only items above $500?
D. Sets or Smaller Groups - Do things like big formal china sets go as one item, or maybe get divided into three or more usable, but partial sets? Are kitchen items, clothing, small collectibles, listed item by item or in usable sub-groups?
E. Listing vs. Donating – It is easy to get rushed and start getting rid of things one personally wouldn’t want, but other heirs might, like old kitchen items, Dad’s ties, a small dinner bell, children’s books, etc.
---
1111111111111111111111111111111111
Details about the software, instructional videos, and how to sign up can be found at their company website. (I highly recommend you look into it.) Just click on this link, or copy and paste it into your browser: https://www.fairsplit.com/?ref=193
Copyright © 2024 Flathead Probate Concierge - All Rights Reserved.
Powered by GoDaddy