Tangible personal property – that is, property (other than land or buildings) that you can see or touch – is a special asset class in many estates. A client’s tangibles include their jewelry, clothing ...
In In re Estate of Debra E. Hunt v. Arabia Vargas, a trial court granted summary judgment interpreting a will to devise a large share of the testatrix’s personal property to her life partner. No.
Today’s question is: If you’re married, who owns the untitled tangible personal property in your household? What we’re talking about are sofas, chairs, tables, beds, big-screen TVs, stamp collections, ...
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A personal property memorandum is a separate written list, referred to in your will or trust, that directs who should receive ...
Q: My mom wants to create a list of personal items she'd like her grandchildren to receive from her estate when she dies. How can she go about this without rewriting her will? A: In addition to a will ...
Editor’s note: In this commentary, Jeff Scroggin and Michael Burns underscore the importance of planning for the disposition of tangible personal property, which, as they so cogently point out, is ...
The bane of many a trustee’s existence is the responsibility and potential liability associated with holding, and perhaps having to dispose of, trust property that doesn’t readily lend itself to ...
Effective July 1, 2020, there is a new law in Florida (Section 731.1065 of the Florida Probate Code) that treats "precious metals in any tangible form, such as bullion or coins, kept and acquired for ...
Question: My lawyer drew up my will in 1993 but it does not mention the jewelry I want to pass to my daughters and granddaughters. Do I have to redo it? Answer: Jewelry is considered tangible personal ...
We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...