Photos, or appraisals or other documents may be uploaded to FairSplit to have as reference or to assign or associate with specific assets. Here are some tips for preparing and uploading photos.
It is not necessary to have a photo associated with each asset, and is not even necessary to have any photos if your divisees don’t need them to know what is described by the item name. Often the photos are more so the lister can be sure they list all assets in a room and can refer to those photos room by room.
Photos can be helpful to have a photo associated when differentiating jewelry, collectibles, many oil paintings, etc. or when heirs may not have seen the items for a long time. (See tips of photographing items video) Otherwise, taking the time to associate a photo with each item is usually a waste of time when people already have a good understanding by the item name and which room it is in.
1. If you already have an inventory taken through another company’s software or app, like KnowYourStuff, HomeZada or other insurance type inventory programs, most will have an Export Inventory function. Export in excel or csv files and then follow the instructions in Upload Spreadsheet on FairSplit.com, Properties and Assets area.
If the export from an app is only offered as a pdf, use the following instruction to convert it to excel and then follow the steps provided on the Upload Spreadsheet:
How to convert a PDF file to Excel:
Open a file in Acrobat.
Click on the Export PDF tool in the right pane.
Choose spreadsheet as your export format, and then select Microsoft Excel Workbook.
Click Export. …
Name the Excel file and save it in a desired location.
Convert PDF to Excel, PDF to XLSX converter | Adobe Acrobat DC
1. See FairSplit video on adding assets. Usually taking photos room by room and uploading to each room is best. Then if possible, look at those photos on another screen while you list/add the assets into FairSplit room by room. This goes fastest if you go through each room doing one category (furniture, art, etc.) then do the next.
Afterwards (where needed), assign photos to assets so Divisees will easily know which you were using. Please note that in estates and divorces, often the divisees are familiar with the items so it isn’t always necessary to actually associate a photo or photos with each and every item. Just having them available to view in rooms is often enough. Enter a good Asset Name since that is what users will see on their lists. They see the details only when clicking on the item. Ex.: Mahogany square center table with beveled glass is better than cocktail table.
Tip: If you have other family members willing to help, make give them Lister and Valuator Roles and let them do a few rooms! (You can remove those roles afterwards)
2. If you already have a list in excel or csv files from another inventory application or from ListStuffFast, view the instructions in the Upload Spreadsheets to save duplicated work. Your full list will be populated. You will then want to associate photos or appraisals to those items
The service can be used to create a legally binding distribution or division, but is not a legally binding service on its own. One would use the results as part of a broader legal execution of a division according to your specific state laws, provisions of a legal will, and often with the help of a professional. Each party should agree to abide by the results of the process before beginning, otherwise it can’t as effectively serve as the impartial solution needed for a division.
Yes, absolutely. However professionals who deal with estates and divisions as part of their profession will have the experience to make it go more smoothly, and provide personal insight and suggestions beyond those we are able to create in a software solution.
Definitely! Be creative. Anything that can be quantified and needs to be fairly allocated works. For example, “vacation week dates” at a family beach house can be entered as items. Vacation dates and holidays in a divorced family can be listed, etc. If cash, consider putting it into smaller blocks so they could be chosen as opposed to “things”, so for example, $10,000 can be entered in four $2500 blocks.
Typically the costs are covered from estate funds. If an Executor has chosen FairSplit as an aid to assist their efforts, they would typically be reimbursed. If booked through a service provider, they may separate the fee or have it included in with their overall fees.