Estate Planning Attorney Reduces Administration Time and Prevents Multi-Year Family Property Disputes

Klea (00:00) I am involved in a lot of estate planning. creation for my clients as well as the state administration and before I found fair split I found that the estate administration took a lot more time, took a lot more money and it took a lot more ⁓ emotional impact on the beneficiaries. So once I started communicating with my clients during the estate planning drafting process about the value of being really purposeful about their Personal Property Memorandum about using fair split proactively rather than reactively. I have just seen just wonderful impact on my clients and their families. Hello, my name is Clea Harris. I am an estate planning attorney from Utah. So I met David at a conference for estate planning attorneys as well as other purposeful professionals called the Purposeful Planning Institute. And I just remember listening to him and to the resources that he was offering And I immediately was determined that my clients would always have the best resources, the best access, the best... tools to be able to help them and their families. And so it was a no-brainer for me to start using Fairsplit you know, making sure that purposeful property is handled in a thoughtful and deliberate way and a professional way. they're at the cutting edge of personal property distribution. I can say that when I do presentations and educate my community about estate planning and about purposeful property distributions and avoiding conflict by being proactive and using a platform rather than having trustees handle it item by item, I love telling them about the AI ⁓ abilities and capabilities of FairSplit because there's always a gasp in the room. It's really, it's kind of like my punchline ⁓ that when people find out that there is a way to be able to take pictures and have it automatically uploaded and turned into a spreadsheet, it's just, you can just see people almost weep because they're like, the hours I have spent doing that. And now it's the ability for Ferris Split to take that off of their plates. They get excited to be able to do that. So I have a client right now who is in the middle of the administration for her mother's estate and she's not the trustee and when she came to me, her one request was that she did not want administration of personal property to take years, which is what it's been happening with her mother. They're in I think the third year of administration because the trustee cannot bear to let go of the personal property of their mother. about $15,000 a year in property taxes alone, alone upkeep on the home, because the home is essentially a shrine to their mother and her life. And so she came to me, I told her about Fair Split, she's proactively created a personal property memorandum, and then in her documents it's embedded that Fair Split be called within three days of her passing. Memorial is to take place two weeks after, and all the rounds are to be done, and everything distributed like a birthday party at her with all of the personal property distributed and then the trustee has full discretion to be able to move on from them. That the amount of peace of mind that she has and knowing that she's not going to saddle her future beneficiaries with this stress that she's experienced with her children ⁓ is worth everything to her. I've known about fair split, I've recommended fair split for several years and I just know that whenever I am reconnecting with David, reconnecting with the platform and seeing it adjust and shift and grow and develop according to new technology, according to reflecting the needs of the clients just shows that this is not a stale one and done platform. This is really a passion and a mission to be able to preserve family relationships. So that's why I like being associated with Fairsplit. I love incorporating fair split as an opportunity for everyone to get what they want without the responsibility of the trustee to make sure everyone has an equal amount or to have to really get granular with the personal property. It's just more responsive and realistic way of handling personal property than this expectation that everyone receive the exact amount. you're considering fair split, I would recommend that you emphasize to your clients that this is a backup to a really solid personal property memorandum. That this is not something to rely on. This is something that you want to bring the family together and distribute those items that... Maybe they don't come top of mind. I really, really hope that you'll emphasize to your clients the story behind the family items, the heirlooms, those kinds of things, and give them in a purposeful way, not just leave them to a checklist, but everything else. We need to have fair split for everything else.