It is a fact: in most family inheritance disputes, the only people who end up financially benefiting are the lawyers involved. But it doesn’t have to be that way! By organizing, documenting, and talking about your wishes early and often, you can solve family battles before they even begin. want to learn the 5 useful secrets for solving family inheritance disputes? read on...organize and document your wishesLong before it is necessary, start organizing and documenting your wishes. This means putting your wishes for “who gets what” in writing, preferable a legally binding will. Hire a lawyer to prepare the will, or create one yourself online at a reputable online company (such as LegalZoom). For example, if the eldest son is to inherit the family wedding ring so that he can keep it in the family, document it. Without express written decisions made in advance, family disputes can rise up. Tell your heirs your wishes so there are no unpleasant surprises after you’re gone. honor written wishesWhen a family member has passed away, the will is the legal document that has primary precedence is dividing up the remaining personal belongings, according to the law. It doesn’t matter if Grandma always told everyone that Billy should get the art collection: if it’s not in writing, it doesn’t legally count. If the deceased prepared an informal list of their wishes (or marked items with labels, as some people do) AND the heirs can agree to it, try to honor those wishes. The only people who financially benefit from estate battles are the lawyers involved. Related Articles: Sometimes You Can’t Do it on Your Own: When it’s Time to Throw in the Towel and Hire an Estate Clearing Professional to Help you Finish the Job Nobody Wants the Family Heirlooms: What to Do When it Happens to You with free Declutter +Downsize Family Heirlooms Game Plan Mom, We Have to Talk: 5 Ways to Discuss Downsizing with your Aging Parents with printable Discussion Cheat Sheet Don't remove anything from the house ahead of timeIf an ailing, aging parent remains in the home and starts “giving away” valuables or cash, the right thing to do is share that information with all the heirs. Often times the adult child who is the perceived “favorite” benefits from this: this is a sure way to cause family disputes in the future. Take the high road and disclose to other heirs what has already been given to you. After a family member passes, one of the very first things the Executor should do is change the locks to the house. This measure will prevent any neighbors, service providers, or unscrupulous heirs from “helping themselves” to belongings in the house. Nothing should be removed from the house until all the heirs can go through the home together. Always act with integrity and transparency to avoid family disputes over the belongings. immediate heirs onlyWhen it comes time for the heirs to organize and divide up the belongings, it should be the immediate heirs only. This means no spouses, children, grandchildren, or close family friends. Reducing the number of people involved will streamline the process and keep it simple. Related Articles: Help Organize Your Aging Parents (While They are Young + Healthy) with printable guide: Two Easyish Conversations to Have with Your Aging Parents Declutter, Donate, and Deduct 6 Things to Not Bother Collecting Anymore (and How to Tell What IS Worth Holding Onto) agree on a fair way to divide items equitablyBefore the heirs begin dividing up belongings, agree to a fair way to divide things up. Consider these ideas:
SummaryTake the time now to organize, document and talk about your inheritance wishes with your family. It will solve future battles before they even begin. Professional Disclaimer: The ideas, recommendations, and opinions on this website, blog, and made in person are for educational and entertainment purposes only, and should not be considered legal, financial, or medical advice. I am not an attorney, doctor, or licensed financial professional. Sage Organizing Co., LLC is not liable for any losses or damages related to actions or failure to act related to the content of this website, blog, or in-person discussions. If you need specific legal, financial, or medical advice, consult a professional in your area.
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Decluttering your home and donating your items to local non-profit groups is a fantastic way to organize your home...and get a tax deduction.
Disclaimer: This information is compiled from many sources and is not intended as tax, investment, financial planning or legal advice and should not be relied upon as such. For tax, investment, financial planning or legal advice you are encouraged to consult with your personal advisers
Ready to learn how to Declutter, donate and Deduct? Read on...Declutter
When the organizing and decluttering bug strikes, separate things out to Keep, Discard, or Donate/Recycle piles.
Trying to figure out what you can easily declutter AND have it make a difference in your local community?
Donate
Before donating, be sure you are giving to an organization that is a 501 (c)(3) by the IRS. These are organizations that are recognized by the IRS as being tax-exempt by virtue of their charitable programs.
“Big name” charities (think Goodwill, Habitat for Humanity, or the Salvation Army) are no-brainers, but if you’re unsure about a group you’re thinking of giving to, you can always check their website or a site that vets non-profit groups, like Charity Navigator. Have big stuff to donate, but no truck and/or the muscles to get it done? Try the website Pick Up My Donation: they will find a non-profit group within 15 miles of your zip code and set up the pick-up, at no cost to you. Be sure you get a receipt or donation acceptance letter from the non-profit you give to. Keep a file in your glove box or console to organize on-the-go receipts, then transfer them into a permanent file in the house regularly.
Related Articles
Donate or Dumpster?: 3 Tips to Know What to Give Away vs. Throw Away 6 Things to Not Bother Collecting Anymore (and How to Tell What IS Worth Holding Onto) How to Beautifully Stage Your Home So it Sells in a Flash Deduct
Even though the standardized deduction for individuals and married couples has increased in 2018, it’s still a good idea to keep records of your charitable giving.
Keep track of what you give!
get organized and do good!
Decluttering, donating and deducting is a great way to organize your home, while making a difference in your community at the same time.
Professional Disclaimer: The ideas, recommendations, and opinions on this website, blog, and made in person are for educational and entertainment purposes only, and should not be considered legal, financial, or medical advice. I am not an attorney, doctor, or licensed financial professional. Sage Organizing Co., LLC is not liable for any losses or damages related to actions or failure to act related to the content of this website, blog, or in-person discussions. If you need specific legal, financial, or medical advice, consult a professional in your area.
Related Articles:
Sometimes You Can’t Do it on Your Own: When it’s Time to Throw in the Towel and Hire an Estate Clearing Professional to Help you Finish the Job. Nobody Wants the Family Heirlooms: What to Do When it Happens to You 5 Steps to Get Rid of Sentimental Clutter
As Americans continue to live in larger and larger homes, we find ourselves able to store a huge amount of sentimental clutter...and we do not get rid of it. Ever.
As an Estate Clearing Professional and Professional Organizer, I see entire rooms, closets, attics, garages, and even cars overflowing with things people can't get rid of for sentimental reasons. People are using their homes as storage facilities instead of places to actively live their lives. In this post I'll be sharing some of my professional tips to help you get rid of some (but not all) of your sentimental clutter.
Ready to get rid of some of your sentimental clutter? Keep Reading…#1 Mentally Prepare
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To get you started on your decluttering journey, we're sharing this Declutter + Downsize Sentimental Items Game Plan. Enjoy...and Good Luck!
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Related Articles
with free Declutter +Downsize Family Heirlooms Game Plan
Help Organize Your Aging Parents (While They are Young + Healthy)
with free printable: Two Easy-ish Conversations to Have with Your Aging Parents
Mentally Prepare for Downsizing Your Home: 4 Tips to Control Your Emotions
with free Downsizing Your Home Emotional Roadmap
Mom, We Have to Talk: 5 Ways to Discuss Downsizing with your Aging Parents
with free Discussion Cheat Sheet
Assess the Mess: How to Plan Out Downsizing a Home
includes free Room-by-Room Checklist
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