The passing away of a loved one can be a challenging time for friends and family members. While the death of a loved one can be a challenging time for many people, it's important to make plans for an estate. The following guide provides simple tips for dealing with the possessions of a loved one who has passed away.
Inventory:
It's a good idea to inventory everything in a loved one's home after he or she has passed away. This includes items like furniture, electronics, appliances, jewelry and clothing. For estates with multiple inheritors, it's essential to catalog all the high-value goods with their estimated value. While a will may indicate what an inheritor will receive in an estate, some wills will only split a loved one's possessions equally between inheritors. In these situations, it's important to estimate the values of a loved one's possessions. This will prevent any hard feelings caused by an unequal division of an inheritance.