“Thought for the Day” #628 – by Stephen R. Elville, J.D., LL.M.

December 21, 2015

Remember all that tangible personal property you keep thinking about (furniture, jewelry, silver, clothing, collections, automobiles, boats, and all other furnishings and personal belongings)?  This holiday season is an excellent time to continue the thought process about the disposition of this property to your loved ones, and to be proactive, where appropriate, in conversations with family members to determine who is most interested in the items you consider most important.  Experience suggests that the more you do to facilitate the smooth distribution of your tangible personal property, the fewer problems your estate is likely to experience.