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The Hidden Powers of Family Heirlooms in Virginia

Nested bowlsWhen relating the destiny of a violin, this article reminds us of why people can be so passionate about ‘things’.  Telling stories about an object’s history can become an occasion to honor long dormant memories.

Heirlooms can be imbued with a special power. This is oftentimes the case, whether the family is aware of it yet or not. Whether it is you that are sitting down to put your intentions to paper or the recipient of a family heirloom, the special power certain objects have is worth pondering.

There are always goals and unintended consequences whenever we plan, regardless of what it is we are planning for. When it comes to estate planning, it never ceases to amaze me how passionate discussions can become when loved ones talk about seemingly valueless objects.  Proper estate planning mandates that families recognize the peculiar power that certain objects hold so that these heirlooms do not become kindling for a disgruntled heir to set afire.  Recently, Forbes considered this common source of family discord in an article titled “When It's Time To Part With Family Heirlooms, And Why I Gave Away Grandpa Oscar's Violin.

You cannot make all of the mistakes in life yourself, so it is best to learn from the trials and errors of others. Be sure to read the original article as it is really far from a tale of fighting, divvying up, or even maximizing sale returns. No, this article provides fresh insights into the kinds of special moments an inherited object can bring to a family well after the loved one has past. Each family member had a piece of the story behind this particular violin chronicled in the original article, and, therefore, they all walked away learning a bit more about dear Uncle Oscar.

You can learn more about this topic as well as other strategies on our website under the tab entitled: estate planning in Virginia. Be sure you also sign up for our complimentary e-newsletter so that you may be informed of all the latest issues that could affect you, your loved ones and your estate planning,

Reference: Forbes (March 31, 2014) “When It's Time To Part With Family Heirlooms, And Why I Gave Away Grandpa Oscar's Violin

 

 

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