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The Moneyist

Quentin Fottrell

‘The means of dividing their property ended up being done equitably, and without anxiety or rancor. So far’

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Dear Moneyist,

After each of my moms and dads passed away, my siblings and I also divided up furniture, finances and artwork, etc.

The entire process of dividing their property was done equitably, and without rancor or stress. So far.

My parents possessed a large art collection. Among the paintings that I chose may be of good value. I will be presently having it appraised for insurance purposes. Am i obligated to tell my sisters if it is estimated to be valued at $50,000, and I later decide to sell or auction it? Should we let them know and gives to separate the profits?

They somehow later find out, I think it would cause some bitterness if I don’t and. Continue reading →