Are your heirs ready to receive an inheritance?

• Do they know what's in your estate plans? Your family and other heirs will be much better prepared to deal with an inheritance if they know what to expect. That's why it's so important that you share your estate plans with everyone involved. You need to let them know the wishes and decisions you've expressed in your will and other legal arrangements, such as a living trust. Of course, sharing this information doesn't necessarily mean that all your heirs will be completely satisfied with your choices — but at least they won't be surprised, and perhaps will be less likely to cause disputes when the time comes to settle your estate.
• Will they know what to do with the money or other assets? You may be planning to leave your grown children a sizable amount of assets, possibly including cash, stocks, real estate, IRAs, 401Ks or other types of valuable personal property. But this inheritance brings with it several possible questions: Do your heirs already have an investment platform ready to accept inherited stocks? If you do leave behind rental property or a vacation home, can it be easily sold? These types of issues are generally not hard to resolve, but the more prepared your heirs are for their inheritance, the quicker they can take whatever actions are needed.
• Are they prepared to handle any taxes that may result from the inheritance? Unless you have a very large estate, your heirs likely won't face federal estate taxes. (In 2024, the first $13.61 million of an estate is exempt from federal estate taxes.) However, other types of taxes may apply. A few states assess state inheritance taxes, and your heirs could incur federal and/or state income taxes when they withdraw money from inherited assets funded with pre-tax dollars, such as some retirement accounts. They could also face capital gains taxes when they sell inherited assets, such as stocks, for more than they were worth at the time of the inheritance. In any case, inheritance-related taxes can be complex, so you and your family and other heirs should discuss these issues with your tax advisor.
• Will they be liable for any outstanding expenses? If you have developed a comprehensive estate plan, it's unlikely your heirs will be on the hook for any outstanding expenses, such as credit card balances or funeral costs. If you do still carry a mortgage, though, and you are planning on leaving your house to your heirs, they may want to be prepared to act quickly to sell it.

North Adams Jewelry Store Has New Owner

By Breanna SteeleiBerkshires Staff
05:34PM / Thursday, December 18, 2025

Cheryl Coppens put out a call for someone to take over the jewelry business she began last spring  — jewelry maker Alexandra Padilla answered the call.

NORTH ADAMS, Mass. — The Artful Jeweler has a new owner who is looking to expand its offerings.

Cheryl Coppens opened the jewelry store in May, showcasing local artists, offering fine jewelry, and jewelry repair.

But a new grandson in Texas, and the difficulties in flying back and forth to see him, had her looking to move closer to him.

Last month, she posted on the business's Facebook that she wanted someone to take over the space and continue the venture. Alexandra Padilla reached out to her and Coppens said she met all her criteria she was looking for in anew owner.

"You have to really want to be in retail. You have to want to be in this community, priced where people can afford it. Alex is native to North Adams. Her husband, she's got two great kids, so it just felt like they would be able to continue the store," Coppens said. "So the criteria really was somebody that would work the store, not somebody that would just come in and hire employees. I didn't want that."

Padilla started taking over the store in the beginning of December. She has been selling jewelry for about three years, and has an online shop, and has worked in wholesale jewelry for about 15 years.

"I always wanted to have my own thing on it, and I wanted to bring something new, and I want to involve my family, my kids do something, and I want to be independent," she said.

Now Padilla showcases her jewelry in the Ashland Street store and plans to keep some of the local artists' items, like stained glass made by Coppens' mother.

Padilla customizes jewelry and tailors pieces to her customers.

She plans to work around her job at Berkshire County Head Start so she can open store for more hours. 

She also plans to redesign the store a little bit and bring in a couple more lines, like more rings and pearls. 

The store is open on Saturdays and Wednesdays from 10 a.m. to 6 p.m., Thursdays 9 to 2, Fridays 9 to 6, and Sundays 9 to 3. The store has also been open on Mondays 10  to 5 and Tuesdays 10  to 3 for the holidays. 

Padilla thanks Coppens for trusting her and hopes customers continue to support the Artful Jeweler.

"Thank you for trusting me. I'm going to try and do my best and work hard to make it happen," she said. "This is our first time selling retail, so we hope the community supports us in here."

Coppens will be helping Padilla until she is comfortable operating the store on her own. She said it will continue to be a space of community support.