Non Financial Assets
Explore the importance of non-financial assets in estate planning and how they contribute to preserving your family's legacy.
How do non-financial assets contribute to estate planning?
Non-financial assets, such as real estate, intellectual property, and heirlooms, play a critical role in estate planning by contributing to a family’s cultural and emotional legacy. Including these assets in an estate plan ensures they are preserved for future generations, providing continuity and connection to family history. Ownership rights, transfer details, and any specific wishes about these assets must be clearly documented to prevent disputes among heirs and to easily manage their distribution. Non-financial assets can be uniquely challenging to value and manage, emphasizing the need for careful planning to maintain their significance within the family.
