When you are evaluating the things that you have to pass along to your loved ones, you will certainly consider the big picture. Being able to make a difference in the lives of your family members financially after you pass away is a gratifying feeling, and we all need a solid financial underpinning.
That having been stated, there is also what we will call the currency of emotion to consider.
You likely have certain personal possessions that mean a lot to you, and this can include family heirlooms that actually have significant financial value. But there may also be items that you have that are not necessarily valuable to anyone other than you and your family members because of the sentimental factor.
It may be a good idea to carefully inventory the things that you have that hold sentimental value, and ask yourself which family member will appreciate each item the most. One item that may mean nothing to a particular family member may have an extraordinary amount of meaning to someone else.
This type of giving can be truly rewarding as you reminisce and let the memories come to the surface once again.
Considering the value of sentimental items is one of the many details to attend to when you are crafting your legacy. The best way to make sure that you are not overlooking anything is to sit down and devise a professionally prepared plan with a licensed and experienced Campbell CA estate planning lawyer.
Latest posts by Litherland, Kennedy & Associates, APC, Attorneys at Law (see all)
- New California Law Impacts Caregivers Who Marry a Dependent Spouse - October 10, 2019
- Planning for Step-Children - September 16, 2019
- Your Planning Can Help Your Loved Ones - September 5, 2019