When thinking about end-of-life details, don’t overlook the items of sentimental value that can be shared with your family now. While alive, you can enjoy both the giving and receiving process.
Many people include their sentimental items in their Last Will and Testament. After their death, they are content to have their property distributed to the intended new owners. Some people never think about giving away items of value, be they sentimental or otherwise, because they included those items in their Last Will and Testament and now think they have to wait to give them to the chosen recipient.
It doesn’t have to be that way. You are the property owner until you take your last breath or give it away, meaning that anytime the spirit moves you or you feel like getting sentimental with a loved one, don’t resist the urge.
Wouldn’t you rather see and know that your darling granddaughter loves the antique lamp you gave her? Or that your son is delighted to have his dad’s old toolbox for his shop? Suppose they receive those items after your passing. In that case, you will never get to experience their joy, and they won’t be able to appreciate the gifts while you are alive.
Seize the moments to connect with your loved ones while you have the chance. Don’t hold back if you are compelled to gift items for their use now.
Any items that you’ve previously listed in your Will that are no longer able to be “inventoried” (because you’ve already given a gift) will lapse because they are already in the hands of the designated new owner.
We specialize in educating and helping you protect what you have for the people you love the most. Contact us to learn more about how we can help.