How to Prevent Your Family Fighting Over Your Assets When You Die: The Readers Weigh In

- Advertisement -

I read your column about heirs dividing up personal possessions after a family member dies. Here is a better approach for your consideration.

That comment refers to a May column, in which we answered a reader’s question about estate planning and how best to allocate family items.

I suggested that parents, while still alive and in good health, should talk with adult children about the things—a wristwatch, a painting, a book, a musical instrument, a baseball glove—the children might want to inherit and why. I also recommended drafting and signing a “personal property memorandum,” a list of items and the people selected to inherit them, and attaching this paperwork to one’s will.

Those thoughts prompted a number of emails from readers that can best be summarized as: “Nice try, but there are better ways to do this.” First, my thanks to all those who took the time to write. And second, I agree: Some of the suggestions we received are (pick a word) smart, compelling, straightforward ways to solve what can be a knotty problem.

What follows are several of these ideas:

Latest news

Didi Global Considers Going Private to Placate China and Compensate Investors

HONG KONG—Ride-hailing giant Didi Global Inc. is considering going private in order to...

Didi Global Considers Going Private to Placate China and Compensate Investors

HONG KONG—Ride-hailing giant Didi Global Inc. is considering going private in order to...

While you were sleeping: How Canada performed Wednesday, Thursday at Tokyo Olympics – National

Canada won its first rowing medal at the Tokyo Olympics on Thursday, continuing the women athletes’ dominance in these Summer Games. Here’s what else you...

Australia takes gold in first-ever women’s canoe slalom at Tokyo Olympics – National

Australia’s Jessica Fox won gold in the first ever Olympic women’s canoe slalom on Thursday, adding to a kayak slalom bronze earlier this week,...
Related news

Didi Global Considers Going Private to Placate China and Compensate Investors

HONG KONG—Ride-hailing giant Didi Global Inc. is considering going private in order to...

Didi Global Considers Going Private to Placate China and Compensate Investors

HONG KONG—Ride-hailing giant Didi Global Inc. is considering going private in order to...

While you were sleeping: How Canada performed Wednesday, Thursday at Tokyo Olympics – National

Canada won its first rowing medal at the Tokyo Olympics on Thursday, continuing the women athletes’ dominance in these Summer Games. Here’s what else you...

Australia takes gold in first-ever women’s canoe slalom at Tokyo Olympics – National

Australia’s Jessica Fox won gold in the first ever Olympic women’s canoe slalom on Thursday, adding to a kayak slalom bronze earlier this week,...

LEAVE A REPLY

Please enter your comment!
Please enter your name here