Skip to main content

New Website aims to reduce fights, split estates

A new website has been launched that seeks to remove the bad feelings often generated when a loved-one’s possessions are divided among the heirs (or not divided.) When a parent or other loved-one dies, the estate settlement process is often stressful for everyone. Not only is the family suffering from the personal loss, but now they have to deal with the technical legal details of Probate or Trust administration.

Usually it is pretty easy to divide and distribute liquid assets like cash and stocks. But, those pesky personal possessions sometimes cause the most trouble, even though they may be worth less than everything else. Family fights are sometimes strongest and most emotional when it comes to a chest of drawers, a tea set, or a quilt.

One way families have worked things out in the past has been an “auction” among the children or other heirs. This can be difficult if everyone cannot get together. So, modern technology has come through again with www.edivvyup.com. This website works something like e-bay but uses a point system so the family can bid on various items and divide them up without fighting.

The website says: “The bad feelings that can result from one brother or sister taking advantage of another family member or manipulating the situation, can damage relationships. This damage can have a lasting and profound effect within the family for many years to come. With the eDivvyup approach to estate distribution, much of the stress and in fighting among family members that is typical in these situations, can be eliminated.”

Of course there is a fee for this service, but it is pretty small compared to the cost of a family fight (either in emotions or legal fees.) We haven’t had any personal experience with this site yet, but if anyone has used it, please post a response so others can learn if it really works.

Comments

Popular posts from this blog

It's really Spring!

It's clearly Spring around here.  On the way to work this morning I saw several groups of Turkeys.  In each group there was at least one male presenting his tail for the females.  This looks like the classic picture you see of a Turkey around Thanksgiving with his big tail unfurled like a peacock.  But, you won't see that in November, it is courting behavior used in the Spring to find a mate.  Imagine if we humans had some sort of mating system like that.  The males puff themselves up, furl out their tails and strut around waiting for a female to find them attractive ... that would be something  ... oh, wait! Three Turkeys at my Bird Feeder - April 2011 (C) Edward Adamsky, 2011

4 Planning Tips for Parents of Disabled Children

Buy enough life insurance . You can’t be replaced, but someone will have to fill in if you aren’t there. Your family will probably have to pay for some services that you used to provide. You can provide the money necessary, even if you don’t have much now, with life insurance. Set up a trust . Any assets left for a child with special needs, including life insurance proceeds, should be held in trust. Leaving money directly to someone with a special need jeopardizes public benefits. Some families disinherit children with special needs, relying on siblings to care for them. This approach is fraught with potential problems. The best approach is a trust fund set aside for the child with special needs. Write down the care plan . You must write down what a future caregiver will need to know about your special needs child. You may know everything but you need to write it down so it can be passed on. The memo or letter can be kept in the attorney's files or with the parent's estate plan...

Clifton B. Kruse, Jr., Leading Elder Law Attorney, Dies at 74

Clifton B. Kruse , Jr., a revered elder law attorney who was admired as much for his kindness and generosity to fellow practitioners as for his grasp of the law, died December 30, 2008, in Colorado Springs, Colorado. He was 74. The cause was complications from Alzheimer's disease. For many in the field, Kruse set the standard for all that an elder law attorney can and should be. One of elder law's founding fathers, he combined a gentlemanly charm, warmth and caring with one of the sharpest and most ethical of legal minds. Wrote Arizona elder law attorney Robert Fleming in a tribute , "In my third of a century of elder law practice I have never met another lawyer who managed to pull together sophistication, heartfelt empathy, intellectual rigor and courtly manner in the same fashion Clifton Kruse projected. He did it, to all appearances, effortlessly. He was a friend and mentor to many in the elder law community (I count myself among those legions)." Kruse was the e...