Personal Property List: "Feel Good" Estate Planning

bigstock-Cropped-image-of-hand-of-young-20127809Consider preparing a Personal Property List to ensure that you leave certain property to certain people. Nebraska law provides for such a list if referenced in your Will (all Steffens Law Office Wills and Trusts include this reference).

Such a document is typically used to distribute family heirlooms. For example: jewelry, chinaware, silverware, antiques, guns, collectibles, etc. This may serve to eliminate family squabbles, although you should discuss distribution with the recipient first.

This is a much better approach than the old method of marking items with name tapes. The tapes can fall off, or be prematurely removed, which will surely create a squabble. The “List” method only requires your signature with a date, and can be prepared long after your other estate planning papers. Just be sure the “original”, or a copy, ends up in your estate planning file.

Your “List” does not have to be limited to family members. You could leave property to anyone you wish. The choice is yours – for now. After your death, without a written “List,” such items may be sold, or thrown away, because your personal representative did not recognize its significance. Like most written documents, this Property List may start slowly, but should soon flow easily. It should leave you smiling knowing that your prize possessions are going to people who will appreciate them.

If you would like a “Personal Property List” form, simply request one by contacting the Steffens Law Office. 

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