When someone passes away, their belongings go through a legal process called probate. This helps ensure everything is passed down to the right people. While most people think of bank accounts and homes, people sometimes have one-of-a-kind treasures, such as a vintage bourbon collection or a signed Larry Bird jersey.
If you are in New Albany, you probably know how personal these kinds of items can be. They may hold memories, family pride or have serious value. However, when it comes to probate, these unusual assets may raise big questions.
How to handle unique items during probate
Special collections or keepsakes can slow down probate or cause disagreements. The following tips can help you prepare for such disagreements and keep things more smooth for your loved ones:
- Write it down clearly: If you want someone to get a specific item, mention it in your will. Use clear details, such as a serial number, brand or description, to avoid confusion.
- Have items appraised: A signed guitar or rare bottle of whiskey may be worth more than you think. Knowing your item’s value ahead of time may help with fairness and help your loved ones avoid surprises.
- Talk to your family: Let your loved ones know what is important to you. It may feel awkward, but it can prevent conflict later.
- Store and label items: Keeping items in good condition and labeling them with the name of who they go to can help make the transition easier.
- Think about sentimental value: Not everything is about money. Heirlooms often carry more emotional weight than financial worth.
Taking the time to plan for these items now can help protect their value and the memories associated with them.
If sorting through your treasures feels overwhelming, having a legal partner by your side can be helpful, as they may help bring clarity and comfort.
