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Personal items and estate planning: navigating the unique challenges of art and chattels

Writer's picture: Inherit TeamInherit Team

When it comes to estate planning, personal items like art often carry significant sentimental or monetary value. These assets can appreciate over time, adding complexity to their management and distribution.


Key considerations for advisers managing clients' estate plans:

  • Appraise regularly: Ensure art and other chattels reflect current market value through periodic appraisals.

  • Communicate intentions: Help clients clearly convey their wishes for distributing these items to family members, minimising potential disputes.

  • Document provenance: Encourage clients to maintain detailed records of an item’s origin and value.

  • Explore specialised strategies: Suggest options such as trusts or designated beneficiaries for specific pieces.

  • Incorporate flexibility: If items are not of high monetary or sentimental value, advise clients on including a “chattels list” within their will. This allows them to give detailed directions to their executor via a separate document, which can be updated without amending the will.

  • Seek professional advice: Collaborate with legal and financial experts experienced in estate planning for collectibles.

  • Review regularly: Recommend periodic reviews of estate plans to account for changes in ownership or value.


Thoughtful management of personal chattels ensures your clients’ wishes are respected and family harmony is preserved.

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Inherit Australia is located on the picturesque Mornington Peninsula, just an hour's drive south of Melbourne. Our local team, boasting over 50 years of combined experience in legal and technology, is committed to addressing the complex challenges of estate planning. From Power of Attorney documents to comprehensive estate plans, we cater to a diverse clientele, including retail customers, financial advisers, and legal professionals. Our proprietary software and data, proudly 100% Australian-owned, designed, and hosted, underscore our commitment to delivering secure and tailored estate planning solutions.

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