For the average person, estate planning involves tasks like assigning beneficiaries to financial accounts, crafting a will, passing on a house, and other legal and administrative duties. But Bette Capaldo, vice president of operations of the Estate Registry, an estate planning platform, says there are plenty of nonfinancial things that can be overlooked in the planning process.
Whether it’s jewelry that’s been in the family for generations or your mother’s recipe book, sentimental and heirloom pieces are just as important a component of legacy planning as bank accounts. Disagreements over who gets to keep the family photos can wreak just as much havoc on familial relationships as those over money.
