The holiday season is not always joyful. After the death of a loved one, it can be full of legal and emotional complications. Disputes over an estate may arise among you and your family over the holidays. As you all convene in one place, it can be the setting that brings disagreements to a new level. If you argue with your family members about your inheritance over a holiday feast, you may wonder what to do next.
Passing on money and bonds to heirs may be relatively straight-forward. But, distribution of things like property, art and jewelry require additional estate planning. Determining an object's fair market value is important, regardless of whether the asset or profits from its sale are passed on. This is important because some assets may appreciate over time. Insurance coverage should be updated so that planning decisions are based upon accurate information.