Dividing Up Assets After Death

Date
2017-08-11
Authors
Harl, Neil
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Iowa State University Digital Repository
Abstract

Dividing assets after death rarely poses a problem although there may be hurt feelings for years among those getting less than a proportionate share of the estate. The problems, if they develop in dividing up assets after death, usually arise where the parents left undivided interests in assets, particularly if the assets are of unequal value and an equal division is difficult or impossible to achieve. That could occur with one-of-a-kind personal property items or of farmland with widely varying productivity and value. Unfortunately, none of the alternatives will assure that all parties will be completely satisfied. However, some of the options score higher than others. With careful pre-death planning and full disclosure as to why the division of assets is planned, the level of satisfaction can be elevated significantly.

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