Completing one's estate plan provides a wonderful sense of relief for many in New Jersey. Once the distribution of assets has been structured and all incapacitation documents are in place, many people rest assured that they have adequately prepared for the inevitable. Often, however, there are holes within a given estate planning package. For many, one of the most frequently overlooked matters involves how a personal belongings will be passed on to loved ones.
Many people spend a significant portion of time amassing collections. Whether a treasured collection of salt-and-pepper shakers or a body of valuable artwork, collections hold a great deal of personal value for their owners. Determining how to pass on a collection can be a challenge, especially for those who feel strongly that the collection should be kept together.