What Happens to the Tangible “Stuff” from a Parent’s Estate?
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Sophie and her sister and two brothers grew up in a large home with lots of stuff. Their mother, Nancy, liked the finer things in life including Oriental rugs, artwork, fine jewelry, antiques, and collectible coins. Nancy and her late husband, George, were also sentimental and kept photo albums, collected special pottery that was sent by relatives each Christmas, and accumulated meaningful mementos from
family travels.
When Nancy died at 95, the executors — Sophie and her brother — created an inventory of more than 500 items in her estate that had sentimental value. They made another list of those items with monetary value, including Nancy’s jewelry, rugs, artwork, and silver, gold and collectible coins. The four siblings agreed to sell the coins and the other items of monetary value and were left to figure out the best way
to deal with the many sentimental items. Their goal was to find a way that was fair and wouldn’t cause conflict or ill feelings among them.
Distributing Tangible Property
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