Tag Archives: furniture

How to Divvy Up Your Stuff

What’s the best, conflict-free way to divvy up my personal possessions amongst my kids after I’m gone? I have jewelry, art, family heirlooms, antique furniture and five grown kids that don’t always see eye-to-eye. Any suggestions would be appreciated. Divvying up personal possessions amongst adult children or other loved ones is a task that many parents dread. Deciding who should get what without showing favoritism, hurting someone’s feelings or causing a feud can be difficult even for close-knit families who enter the process with the best of intentions. Here are some tips to consider that can help you divide your possessions with minimal conflict. Continue reading

Wills – Good and Bad

Published November 2, 2012
United Methodist Foundation for the Tennessee and Memphis Conferences

Where is the Missing Will?

More than 40 wills were submitted to the probate court, with a multitude of potential heirs each claiming to be the true recipient of a wealthy business owner who passed away in 1976. With a $2.5 billion estate at stake, there was an intense interest in the decision of the court.

After extensive review of the 40 documents, the court finally determined that none of the 40 wills were valid. Because there was no valid will, the court divided the $2.5 billion estate among 22 relatives. Court costs, attorney costs, and estate taxes were enormous, but the 22 heirs still each received millions of dollars.

 Why is a Will Important?

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