When working with clients I find myself climbing up on my soap box quite frequently. On almost any given day, you can hear me talk to clients about their “stuff.” Take a look around your home and/or office. Someone will have to deal with all your “stuff” if something happens to you. It includes every single sheet of paper, every box of sentimental trinkets, every article of clothing, every picture, every part of your comic book collection, every dish, every piece of jewelry, every work of art, every piece of your hobby supply, every plant, every appliance, every CD, every book, your computer, your autos, your yard equipment, your junk, your valuables and your “it means something to me” items. If you have ever moved, you know how difficult it is to go through your own stuff much less go through someone else’s stuff.
We, as Americans, have become addicted to having stuff. Take a look at the storage industry. In 2007, 1 out of every 10 households rented a self-storage unit. That means 10% of all the people in the USA have possessions locked away in a multi-unit facility they visit only on occasion. It took the self-storage industry more than 25 years to build its first billion square feet of space and added the second billion square feet in the past 8 years. It’s a trend that will send shockwaves through your heirs as they work through the boxes of your stuff. Think about it.