Three More Important Tips for Personal Property

Understand the distinction between monetary value and sentimental value

We’re continuing our discussion of important tips for dealing with personal property in an estate. Here are the final three tips: Just because it’s old doesn’t mean it’s valuable. This is my personal mantra. Each day, I must face clients and report the truth based on facts. Depression glass may have been the rage 12 years ago, but today the market is pretty flat, much like the beloved Hummel figurines of mother’s day. . . .

Important Tips When Dealing with Personal Property from an Estate

Don’t do ANYTHING until you know what it is and what it’s worth

When a loved one becomes infirm or passes away, the handling of the estate and contents lands on the lap of the heir(s). If the heir is prepared, it will go much easier than if he or she operates in a crisis mode. All too often, I see children who don’t know anything about the estate and contents. It’s like they are literally walking into a dark house and starting from scratch with no guidance.

Estate Etiquette Solutions

Try everything you can to keep the peace

As promised last week, here’s how you can contribute to a more peaceful resolution when dividing heirlooms in your parents’ estate.

Estate Etiquette

Most feuds break out for four basic reasons

It’s an observation worth noting: when it comes to dividing heirlooms and estate contents, everyone tenses up and no one wants to be the first to talk. You can sense the apprehension in the room, and it appears as if everyone is trying to predict what others will do. Will my sister make a fuss? Will my brother want the same things I want, and if so, what do we do? Will there be fighting and resentment?

Think Before You Throw: How to GO GREEN When Clearing Out an Estate

Do it for the earth, and do it for your pocket!

Donating, recycling, and selling are less expensive than a dumpster and may provide cash for your unwanted items. They may also provide a tax deduction or help out a worthy cause. Use your imagination when deciding where things could go, other than black trash bags! Can someone use your items in some form or fashion? This is the ultimate in recycling.