If you have inherited a collection and are wondering where to begin, read further for some advice.
Leave Instructions for Your Heirs
We frequently hear from the heirs of former members asking for assistance in disposing of a member's collection. While we do assist through our Estate Advisory Service, it is much more likely that your wishes will be fulfilled if you plan ahead. With advance planning you may minimize estate taxes, better ensure that your collection is distributed in accordance with your desires, and help get maximum value from your material.
First things first! Stress that the collection needs care. Storage in a basement or attic for two years may be very detrimental. And, if your collection is insured, be sure to provide policy and contact information.
The careful planning of one's estate requires the preparation of an inventory, an honest evaluation, a plan for distribution, and selection of an administrator. Click here for more information and enroll in:
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