The transfer of non-titled property is an issue that impacts individuals regardless of their financial worth, heritage or cultural background. What surprises many people is that often the transfer of non-titled personal property creates more challenges among family members than the transfer of titled property. Personal belongings usually have different meanings for each individual. The sentimental value or meaning attached to the personal property often may be more important than the financial or dollar value. Dividing items with sentimental value fairly to all parties can be very difficult.
People commonly have different perceptions of what is a fair process and what are fair results.
Talking about one's possessions may be more personal than talking about other types of financial assets. Facing one's own death, as well as the death of family members, can be emotionally draining. If you are a son or daughter or other younger relative who feels the need to talk with an older relative regarding the distribution of their personal property, beginning the conversation may be the most difficult part. Here are several suggestions on ways to start a conversation about this sensitive issue. Any of these questions can create anxiety for both the person raising the issues and the person trying to answer.