Meurer Law Offices, Denver, Colorado
At the Meurer Law Offices, we help clients through the many options beyond a simple will. One additional document we often recommend is the Memo for Personal Property. While it’s common for spouses to simply leave their entire estate to each other or to divide your assets equally amongst your adult children, a Memo for Personal Property allows you to add specifics without making your will too long and enables you to make changes along the way without a drawn out process.
Your memorandum can include a variety of personal property bequeathed to individual heirs, including:
- Furniture, antiques, decor
- Household items (china and silverware)
- Art, jewelry and other collected items
- Vehicles (in some states)
However, there are limitations. A Memo for Personal Property cannot include intangible items such as:
- Stocks or bonds
- Money or bank accounts
- Real estate
Once you determine who gets what, our attorneys at the Meurer Law Offices can ensure or update your will to refer to the memo. This is required to put the document into effect. We can also review all other estate planning documents to ensure there are no conflicts with the designations stated in your Memo for Personal Property.
Call or contact our offices today to schedule your free consultation: 303-991-3544