Tangible personal property is usually the first thing distributed in your estate. How tangible personal property is distributed – equitably, by rotation, by appraised value, or other system; or whether all tangible items should be sold and the proceeds added to the balance of your estate to be distributed, will depend on your unique situation.
Stephen R. Elville, JD, LL.M
Elville & Associates, P.C.
9192 Red Branch Road
Suites 100 & 300
Columbia, Maryland 21045
Planning for Life, Planning for Legacies
443-393-7696 (Main Number)
443-741-3446 (Baltimore calling area)
301-272-8874 (Montgomery Co/DC/Northern Va. calling area)
Steve Elville, of Elville and Assocaites, posts a THOUGHT OF THE DAY, daily on his website. Check it out at http://www.elvilleassociates.com/