If you know that you have items of personal property with sentimental value, a little advanced planning on how those items will be divided upon your death may help avoid litigation. There are a number of ways this can be done. Drawing cards, a snake draft, blind drawings, auctions, and the “slice of cake” method are a few possibilities. Just pick a method. The Supreme Judicial Court of Maine‘s opinion in Estate of Ada Y. Greenblatt provides a good example of what might happen if you don’t – especially if your personal representative is one of the people who gets some of the property.
Ada Greenblatt’s will provided for a number of specific bequests and then provided that the remainder of her estate should be distributed to her brothers, sisters, and sister-in-law in equal shares, or if they are deceased, to their families, perRead More