We often see siblings litigate in California over the allocation of tangible personal property held in the family trust. When Mom and Dad have passed, the tug of war may involve jewelry, paintings, photos, firearms, furniture, saddles, vehicles, table settings – and yes, even a bobble head!
My colleague Kim McGhee recently hosted a fun and informative podcast on the challenges of divvying up tangible property that got me thinking about the topic. While each situation is different, a trustee who holds tangible property might consider the following steps.
