March Dinner Meeting
Date: Thursday, March 20, 2025
Time: 5:30pm - 7:00pm
Location: Poinsett Club
Speaker: Kristin Vaughn, SVP Trusts, Estates & Private Clients at Freeman’s Hindman
We will have cocktails and networking from 5:30pm - 6:00pm followed by dinner and presentation at 6:00pm.
Guests and prospective members are welcome and encouraged.
Kristin Vaughn, SVP Trusts, Estates & Private Clients at Freeman’s Hindman will present
Cautionary Tales: Navigating the World of Tangible Personal Property and Why Appraisals for Estate Planning Purposes Should be Part of Every Estate Plan.
Your client’s tangible personal property may seem minor in comparison to the rest of their estate. However, a client’s life is filled with tangible possessions, each holding memories, values, and potential pitfalls—which can create issues with the IRS, family disputes that lead to unnecessary and costly litigation, and may question your competency.
This talk will delve into case studies of planning for personal property, as well as explore common missteps and offer insights for trust and estate planning professionals to navigate this often-complex landscape.
We'll hear stories of sentimental treasures mistaken for trash, mass-produced replicas that are heirlooms and thought to be “priceless,” and collections gathering dust in legal limbo. These cautionary tales will equip you with knowledge and best practices for outsourcing the best team for appraising, organizing, and handling tangible belongings.
Attendees will learn about major market players, leading questions to ask their clients about their collections, as well as how and when to engage professionals in the auction and appraisal industry.
