Have you ever wondered what will happen to all of your stuff when you pass away? Not your important and valuable assets, your stuff, all those personal items that you have accumulated. This includes everything from the mementos you purchased on vacation to your collectibles. Something has to happen with all of that stuff. An estate plan is the way to have a say in what happens to it.
Think about all of the stuff that your parents have or had, whichever is the case. You probably do not want all of it. Not everything your parents have is important and meaningful to you. Your children think the same thing about your stuff. If you just have a basic Will, then your children will probably get all of that stuff whether they want it or not. The stuff they do not want will likely be sold, if not given or thrown away. That’s a waste. You can use your estate plan to give your stuff to people who will appreciate it. If it has no monetary value, your children can hardly complain that you did them the favor of giving it to someone else.
We all have stuff that is important to us, but not to other family members. Use an estate plan to give it to someone who will appreciate it.
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