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<p>[QUOTE="usc96, post: 1107874, member: 25676"]Has anyone here done a Personal Property Memorandum yet? I have a wife, three kids and a sister, so I'm working on mine now. </p><p><br /></p><p>From what I can tell you can"t gift intangible property such as stocks and bonds, but you can gift cars, expensive watches, and your coin collection.</p><p><br /></p><p>I can identify who gets which watches and rings, but for the collections (coin, guitars and guns), I am thinking of lumping them together with instructions my wife to distribute those items to my three kids as equally as possible, based on each child's interest (one might like coins, or music, or shooting more), as she sees fit. I will also give her discretion to hold them in trust until the children are of suitable age. </p><p><br /></p><p>What other items would be cool to add to a list like this? I've always liked the idea of a will reading where heirs get stuff. </p><p><br /></p><p>My father and grandfather recently died, and they didn't do anything like this and I think they missed an opportunity. Especially in my grandfather's estate, where it seems like some of his kids are more interested in cashing in than mementos[/QUOTE]</p><p><br /></p>
[QUOTE="usc96, post: 1107874, member: 25676"]Has anyone here done a Personal Property Memorandum yet? I have a wife, three kids and a sister, so I'm working on mine now. From what I can tell you can"t gift intangible property such as stocks and bonds, but you can gift cars, expensive watches, and your coin collection. I can identify who gets which watches and rings, but for the collections (coin, guitars and guns), I am thinking of lumping them together with instructions my wife to distribute those items to my three kids as equally as possible, based on each child's interest (one might like coins, or music, or shooting more), as she sees fit. I will also give her discretion to hold them in trust until the children are of suitable age. What other items would be cool to add to a list like this? I've always liked the idea of a will reading where heirs get stuff. My father and grandfather recently died, and they didn't do anything like this and I think they missed an opportunity. Especially in my grandfather's estate, where it seems like some of his kids are more interested in cashing in than mementos[/QUOTE]
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