Non -financial inheritance: When you plan for your whale, beware of this joint censorship

Whether it is jewelry in the family for generations or the book of your mother’s recipes, the emotional pieces and inheritance are the same as the importance of old planning as bank accounts. Disagreements about who gets family photos can Advertise is equal to chaos On family relationships like those more than money.

“If you do not have the right documents in place … these gaps can really cause differences between family members,” says Cabaldo, noting that dear emotional elements may be claimed by an unexpected or unexpected person.

Conflicts can also slow the inheritance process, especially if you are already in court to settle those who get what. This is where real estate planning will make a difference. Other unsuccessful panels that you may want to think about success include information about family heritage or family tree, with accompanying pictures, documents and grandparents’ stories; Important family beliefs and values; And digital assets such as social media accounts, online writing, websites, photos, videos and more (along with passwords for all accounts).

Besides the dictation of those who get what is important, it is important to keep all these things, and more, within the reach of future generations. Then it can make sense to search for one place in the digital or material world where it can all be stored. However, Cabaldo recommends that there are multiple copies in different locations only in condition. Physical images, for example, can be wiped and stored online.

Cabaldo says that customers “will store things like the recipes of the old family, or (leave) an audio message to their grandchildren so that they can hear what appears to be in the future.” “It is not always the financial effect it has, but also this emotional effect.”

Start small

To reduce the potential conflict, Cabaldo urges families to start now, instead of waiting Some of the future history in the future. She says there are three basic documents that must be created: will, power of attorney, and health care. This can be done on the Internet in an unoccupous way, and there is no need for a heavy lawyer or a financial advisor to help.

“The important thing is to start just – you don’t need to get all the answers in order to take this first step,” she says. “Then over time, your plan will develop, and you will have everything you need.”

Once you are completed, keep the documents organized and in one place. If you cannot reach it in the event of an emergency, then make them add very little value, she says. This will also make it easy to update and manage over time.

“If you create a will or a power of attorney, or even you only have useful nams for life insurance policies throughout your life, you want to make sure that you are updating them,” she says.

There are a lot of online services that are doing this now, as it provides a central place for everything (of course, you will need a backup in the absence of service over decades on the line), or you can visit real estate planning lawyer. Some people Simply maintain directions In their homes. If you choose this option, make sure that someone you trust knows where you store.

If you are looking for a lawyer or real estate planning advisor, Capaldo first recommends asking family and friends about recommendations; Oral words are often the best way to find a trustworthy person. And don’t be afraid to meet some of them before you settle on someone you feel comfortable with him in discussing very sensitive information, she says. After all, my legacy is at stake.