By Chris Reynolds
Settling a Complex Estate Gets Easier
That old mahogany cabinet you’ve always loved…the painting that hung over Mom’s bookcase…the lake house you never seem to get to any more…the vintage car Dad drove on weekends…When parents die, they often leave valuable and significant possessions which can’t easily be divided among heirs. Settling an estate that includes tangible property can be a contentious and drawn out process. Families often feel that the only solution is to sell these assets and divide the proceeds, in the process dispersing family legacies and creating anguish.
Now there is an efficient alternative: a new system called Solomon provides a way to divide complex assets in estates to produce a “superfair” distribution. “Solomon is an algorithm-based system which ensures that all parties to an estate settlement feel they are getting more than their fair share,” says Chris Host of Wallingford, PA. An engineer by training and a Princeton University alumnus, Host developed Solomon to address a challenging division of non-cash assets within his family.
“Property and vacation homes, cars, artworks, collectibles and antiques are inherently difficult to divide,” Host says. “Though heirs may want to keep these things in the family, their varied circumstances make each heir more or less enthusiastic about including certain assets in his or her portion of the estate. Solomon allows each heir to ‘bid’ on the items they most desire, while ensuring an even overall distribution of value.”
For a limited time, Solomon offers its services free to families with an immediate or pending need to divide complex estates. Heirs, prospective heirs, financial advisers, and trusts and estate attorneys can visit solomonshare.com to view a presentation which uses real-world examples to demonstrate the value of the approach. For more information, email info@solomonshare.com or call marketing director Chris Reynolds at 610-547-9800.
