Personal Property Inventories Save Executors Time and Money
I doubt there are many adults who have not experienced the loss of a loved one.
As adult children, I'm sure a lot of you are listed as the executor for your parents.
Thinking of what you will go through is not a topic anyone wants to consider.
But the fact is, you will have to.
And being prepared for it will make the task a little less emotional.
In addition to providing our personal property (home) inventory service for disaster preparedness and recovery, we create an inventory of estates to help executors complete this requirement.
Jim's story - not his real name - is very similar to many others.
He lived out of state and was traveling quite often while settling his dad's estate.
The visits with the attorney, getting the house ready to be placed on the market and making the four-hour-drive back and forth had begun to take their toll on him.
Therefore, he had delayed doing the inventory of the contents of his father's home.
He was informed by his attorney that he could no longer put it off, so he picked up a tablet and pencil and sat down and stared at the paper for the better part of an afternoon.
He just couldn't do it.
Having to record all his father's belongings was too emotional, too gut-wrenching, too sad.
He knew it would take time and he really needed to get back home and back to work.
Another trip would mean more time, more emotion, and more expenses.
He called his attorney and stated how he felt.
Additionally, he didn't know what fair market value to place on each item even if he could create the list.
He was feeling helpless.
His attorney gave him our contact information, along with a personal recommendation.
Jim told us that he was just overwhelmed and couldn't even figure out where to start or what to do.
Since this is our business, we were able to handle the task quickly and professionally.
Will this be one of your children some day? Creating your inventory now will be a kindness you can give to your executor (son or daughter) at one of the most emotionally torn times in his or her life.
Let them know that you have the inventory and where it is.
If you hired a personal property inventory service, give your executor the information so they'll be able to obtain the information when the need arises.
They will be grateful.
As adult children, I'm sure a lot of you are listed as the executor for your parents.
Thinking of what you will go through is not a topic anyone wants to consider.
But the fact is, you will have to.
And being prepared for it will make the task a little less emotional.
In addition to providing our personal property (home) inventory service for disaster preparedness and recovery, we create an inventory of estates to help executors complete this requirement.
Jim's story - not his real name - is very similar to many others.
He lived out of state and was traveling quite often while settling his dad's estate.
The visits with the attorney, getting the house ready to be placed on the market and making the four-hour-drive back and forth had begun to take their toll on him.
Therefore, he had delayed doing the inventory of the contents of his father's home.
He was informed by his attorney that he could no longer put it off, so he picked up a tablet and pencil and sat down and stared at the paper for the better part of an afternoon.
He just couldn't do it.
Having to record all his father's belongings was too emotional, too gut-wrenching, too sad.
He knew it would take time and he really needed to get back home and back to work.
Another trip would mean more time, more emotion, and more expenses.
He called his attorney and stated how he felt.
Additionally, he didn't know what fair market value to place on each item even if he could create the list.
He was feeling helpless.
His attorney gave him our contact information, along with a personal recommendation.
Jim told us that he was just overwhelmed and couldn't even figure out where to start or what to do.
Since this is our business, we were able to handle the task quickly and professionally.
Will this be one of your children some day? Creating your inventory now will be a kindness you can give to your executor (son or daughter) at one of the most emotionally torn times in his or her life.
Let them know that you have the inventory and where it is.
If you hired a personal property inventory service, give your executor the information so they'll be able to obtain the information when the need arises.
They will be grateful.