Recording inherited possessions for clarity and legacy
Inherited items often have sentimental or monetary importance. Document provenance, condition, and whether the item is intended to remain in the family or be sold.
What to record:
- Photos, condition notes, and physical descriptions
- Provenance details (who passed it on and any known history)
- Appraisals or estate documents if available
Legal and estate considerations:
- Note whether the item is listed in a will or estate inventory
- Record beneficiary information or intended custodian
- Keep copies of probate or transfer documentation where applicable
Practical handling:
- Update values after appraisals if needed
- Store originals of important documents in a safe place or with an executor
Documenting inherited items preserves family history and clarifies ownership for future generations, tax reporting, or sale.