How do I leave specific items to specific heirs?

As Featured on Porch.com

By: Jacqueline R. Bowden Gold

Our very own, Miami Lakes Estate Planning attorney Jaqueline R. Bowden-Gold, was recently featured on Porch.com as an expert contributor. In this article, Will And Estate Planning: Advice From The Experts, Attorney Bowden-Gold answers what can be considered the most important part of your estate plan, How do I leave specific items to specific heirs?

Leaving specific items can be simple, yet perhaps the most important part of your estate plan. This is your chance to leave your legacy or family heirlooms to the right people. In Florida, the easiest way is to prepare a Last Will or Living Trust with an incorporated Memorandum of Tangible Items (“Memorandum”). This can also be an area of contention for beneficiaries, often difficult to resolve. The specific items may be items of sentimental value having zero monetary value. When conflicts arise lack of monetary value makes it difficult to justify the costly expense of litigation. Alternatively, there may be only one unique specific item that cannot be split or duplicated, how do you distribute the one item fairly? These are all issues where an experienced Estate Planning attorney can assist you to keep your family out of court.

To continue reading what Attorney Bowden-Gold suggests on Porch.com, click here: Will and Estate Planning: Advice from the Experts.