Your Collection and Your Estate, Elder Law Attorney, Woodstock, GA

A person who has spent a lifetime building a collection of anything and is working on an estate plan, often wants that collection to remain in the family. That can be difficult, if your children are not interested in the collection.

It is not exactly a secret that children often grow up to have different passions and interests than their parents. A parent might have a love for old movie memorabilia and amassed an impressive collection over the years. The children, however, might not have a connection with that memorabilia and might not be interested in it.

This can be a problem for many collectors, since they fear having their collections broken up after they pass away with the individual pieces going to strangers, as Barron’s discusses in “How to Get Your Child Interested in Your Collection.”

One thing that collectors can do is work to get their children interested in the collection.

It is best to start this when your children are young by including them in the collection process. However, if it is too late to do that, there are alternatives.

Parents can talk to their children in order to let them know why the collection is so important and what it would mean to the parent if the collection were to be sold out of the family. This helps give the children an emotional stake in preserving the collection.

If that does not work, then collectors do have some estate planning options about how their collections should be handled. For example, it might be possible to bequeath the entire collection to an interested museum or library.

Reference: Barron’s (May 2, 2017) “How to Get Your Child Interested in Your Collection.”


Hear From Our Clients

“On the threshold of retirement, we finally decided to quit thinking we could self-prepare the requisite documents. We had previously had only a very simple will. We needed the necessary legal (including updated will) & health care docs but didn’t want to deal with the time & complication of legalese. Cindy made the process relatively painless. She took the time to explain and answer questions without trying to upsell services. We were done in 2 meetings plus the reading of emailed drafts. In addition to preparing the documents, Nelson Eldercare will be there when our adult children need advice on executing the plans we’ve put in place.So glad it’s behind us and would recommend Cindy and her helpful staff.”

- Bonnie

Cindy and her company treat their clients like family. Nelson’s offers clear, direct, and honest guidance in planning for your families security and future. No one wants to actively sit down and make these decisions, but Nelson’s makes this process seamless. I was so impressed with their willingness to answer all questions big or small. So glad I made the decision have them help my mom and dad and now me. You can’t go wrong with Nelson’s Elder Care Law.

- Hope

The very best elder law attorney and staff anyone could ever ask for! I have referred a number of clients to Cindy and she never disappoints. She is kind, caring, and extremely thorough in making sure everything is completed as it should be. I highly recommend Cindy for anyone needing lawyer services; she truly goes above and beyond for every client she helps and has had a huge impact in so many peoples’ lives. Thank you, Cindy and staff, for everything that you do- I’m so glad to know you!

- Kerri

I heard Cindy’s presentation at a Senior Luncheon at my church, and was very impressed. She helped my daughter and me understand many aspects of elder law. Josh has also been very helpful in my planning to enter an independent living situation . I have told many friends about them.

- Charlotte

Cindy and the Nelson Elder Care Law team are trustworthy and helpful. They are the experts in elder care law. At Leaf Cremation, we entrust our families to the care of the Nelson team when their services are needed.

- Pierce