Most individuals understand the concept, but stop the planning process at the large assets and forget about all those small items collecting dust.
Don’t be offended if no one wants those Hummel porcelain figurines you spent years and hundreds of dollars collecting.
Rejection can be tough, but remember you don’t want to burden your children with items they don’t want.
Everyone has different tastes and your children should be allowed to decide what they want, just as you were able to decide that you wanted to collect those Hummel figurines.
Once you know what items other family members want, take an inventory of what is left and divide the remainder into groups of items that you could offer to friends, donate, throw away or attempt to sell.
As Baby Boomers begin the process of de-cluttering and down-sizing, they are attempting to give their prized possessions to their offspring.
What they are finding is that the younger generation is not interested.
They want to be able to move easily from city to city to find their perfect job, which means having fussy collectibles and large clunky furniture is not their thing.
The younger generation lives their lives digitally through social media.
Millennials, in general, do not want lifestyle trappings.