Estate Planning Academy 21: The Personal Property Memo
This article by Attorney Gary DeWitt, practicing in estate planning, probate, guardianship, and elder law.
Stop Family Fighting
You can avoid family fighting with a personal property memo. Many times a will or trust is not enough to stop all the family feuding over the smaller sentimental items.
You don’t want your children fighting over anything much less the little things. Stop the bickering. You should create a personal property memo as well as your will or trust. A personal property memo is a signed and dated paper in your handwriting that tells who gets what item your personal property.
Memos can be updated by you without the need of a return trip to the lawyer anytime you want and becomes part of the will or trust.