How to Divide Family Irreplaceables among Siblings
10 Dec Divide Family Heirlooms among Siblings
When dividing up assets within the family, the situation can quickly turn hostile. Dividing family heirlooms can be a sensitive subject, especially if you are already grieving the loss of your parent. When inheritances are outlined within a will it can make things a little easier. There are many valuable items, including those that are emotionally valuable, that don’t make it into a will. Even the closest of siblings can fight with one another. Siblings may disagree over who gets what when emotions are high and everyone is grieving. Be respectful and kind when you are dealing with the situation. These six steps can help you avoid arguments, and distribute family heirlooms fairly. Dividing Family Heirlooms Between Siblings: 6 Important Steps
1. Schedule a Chat with Everyone Involved
Start with a conversation. This is the best way to bring everyone on the same page. Don’t make any decisions at the beginning. Talk about feelings, hopes, and desires. Try not to judge and be open-minded. Remember, nothing is decided yet. You’re just collaborating and opening up to one another. List the Heirlooms that Will Be Divided
This could be done as part of the first step, or later if you have a large estate to sort through. This step may take some time if heirlooms are spread across multiple homes, storage facilities, or even states. List all items that are valuable and those that have an emotional attachment. Consider Different Methods
It may be better to split heirlooms
based on what everyone
feels is fair, rather than dividing everything according to its financial value. Some people may have a special attachment to certain items. Jane may want Mom’s antique silver spoon collection, but Richard is only interested in the ’57 Chevy. Avoid Fights with a Draft
When you have items that more than one family member wants, such as jewelry, art, books or keepsakes, use a draft to decide who gets them. Avoid starting with the oldest or newest sibling as this may lead to unfairness and tension. Use a random picking system (choose a number, etc.) instead.
5. Document the ProcessOnce heirlooms are divided, it is helpful to document in writing the agreement, especially if valuable items are involved. This can help to avoid misunderstandings or disputes in the future. If all siblings agree on a plan, get them to sign it and give copies to everyone involved. Ask for Professional Guidance If NeededIf you are having trouble with your family and cannot come to a decision on how to divide up the estate, seek professional help. You may need to consult a counselor or mediator
in order to reach a mutually beneficial decision. It’s okay to admit that you need a third-party to step in. This will prevent further tension in the family.
Establish your Estate Plan Today
Does your family have heirlooms you would like to pass on to your children? It’s time to get your
estate-planning documents
in order. You’ve seen the consequences of your parents’ failure to make an estate planning document. You wouldn’t want this for your children. It’s a kind act to create an estate plan. It also protects and provides for minor children if you die unexpectedly. An estate planning attorney will help you to eliminate uncertainty and prevent family conflicts over inheritance. Phelps LaClair’s team of experienced attorneys is ready to help you. We serve several cities across Arizona. Please call us today at
to schedule a free consultation. Images used under Creative Commons License – Commercial Use (12.10.2024). Photo by Joel Danielson via Unsplash.
