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.
Keep your material organized to insure that it can be easily inspected and the better items identified.
A common mistake is that the collector has not shared an honest evaluation with anyone else.
Plan for Distribution
Whatever your designated wishes are, it is important to provide precise written instructions.
Select an Administrator
Designate a family member or trusted friend who understands your collection.
Estate Advisory Labels— Self-stick identification labels are available free to APS members who want their heirs to use the APS Estate Advisory Service — Call 814-933-3803 ext. 201.
APS has an online Dealer Directory and Chapter Listing available to help find individuals who would be interested in purchasing your collection.