Could there be a more boring term? Estate planning is somehow put-offish, in every sense of the word. And yet it's got to be done and it needs to be revisited from time to time. You may not be here when your last wishes are read aloud, but you can rest easy knowing you've taken care of not just the big things but the iconic treasures as well. Here's one interesting observation about that planning process from an expert in the field:
"Make the key decisions.
Too often, estate owners say, "Leave it to the kids and let them
decide." Non-decisions often lead to family strife, wasted assets, and
a general estate planning disaster. Estate lawyers always are amazed at
the things adult children and other heirs fight over. Long suppressed
issues and conflicts come to the surface. Seemingly meaningless items
can have great symbolic value to someone, or at least the person claims
they do.
Personal
property and iconic items such as the family residence or vacation home
are the most likely to cause such problems."
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