A home inventory is a great asset to estate planning. While it provides key information such as who gets what, the value, etc. - it provides background information that can be easily forgotten such as how long it has been in the family, the age, special memories, etc.
When my Aunt Cathryn past away, I sure wish she had completed a home inventory list. I know many of the items in her estate had been in the family for quite a while but now that the family had gotten smaller, no one had that information. I remember her talking specifically about items and how long she had the item or from who she received the item - but I could not recall the specifics. Knowing if an item had been part of the family for many years - does make a difference if you get rid of that item. As a result, it was very difficult to decide what items to keep and what not to keep.
Once a home inventory is completed - the information can be easily incorporated into the estate planning document. For further information, please visist www.jlksystems.com.