06/16/2026
Here is a little story I wrote about our family Masterpiece! Enjoy!
What happens when a family "masterpiece" turns out to be worth $100 at auction? 🎨 Estate planning attorney Jennifer O'Neill shares a personal story about a beloved family painting – and the real-world risks when parents leave no written instructions for tangible assets. ✨Story in the comments.👇
Key takeaways for estate planning attorneys:
âś… Encourage clients to document wishes for tangible personal property
âś… Recommend appraisals for items of uncertain value
âś… Address insurance coverage for potentially valuable assets
âś… Discuss stepped-up basis implications for appreciated property
🙏 Thank you to Jennifer O’Neill, owner of O'Neill Elder Law in Hudson, for contributing this piece!
