If you don’t know what to do with that old trunk, Granddad’s top hat, the portrait of great-great Aunt Lucy, etc., the theatre may be calling! Theatres use period props, decoration, and costumes. There may be a theatre or theatre group in your area that would love to have that old lamp nobody wants. Period […]
Make Great Aunt Lucy a Star! Read More »
When someone dies, their “stuff” or belongings are now called “estate personal property.” While they were always the decedent’s possessions, this classification of estate assets has new meaning for heirs, executors, the IRS, and probate courts. During dissolution, when the name changes, the question becomes, “Does it have any value?” This is where the services
Understanding Personal Property Appraisal Read More »
The Emergence of Estate Administration Services Estate administration and settlement consists of many tasks and responsibilities. There are many hours of work, probate, or no probate, involved in settling an estate, much of it new to an estate’s personal representative, or executor. Because so much is unfamiliar, it can be overwhelming to take on. Many
The Emergence of the Estate Administration Services Profession Read More »
Capturing a “State of the Property and Contents” video immediately after death can create a valuable record for executors. You think you’re going to remember. You’re not going to remember. A video walkthrough can serve as a baseline for the state of the property received by the estate at the time of death. It can
The Estate Walkthrough Video Read More »
You may have decided a professional estate sale isn’t for you. In other words, a DIY Estate Sale is more to your liking. Essentially that’s a yard sale/garage sale, but we’re not here to split hairs. Professional Estate Sale managers add a lot of value to a personal property sale event. However as you’ve decided
DIY Estate Sale/Yard Sale Advice HERE Read More »
If an estate has guns an executor should have awareness of the risks and responsibilities associated with the treatment of firearms. Guest Post By Matthew F. Erskine, Esq. Personal Property | 2-minute read When an Estate Includes Guns | Estate Firearms | Estate Risk: Guns Recently, I wrote on planning for estates that contain
Take Steps to Mitigate Risk When an Estate Has Firearms Read More »
Selling Estate personal property can be a time-consuming challenge for an executor. Liquidation services such as estate sale companies and auction houses can liquidate large inventories quickly, but may leave executors wondering why their items didn’t bring more. Your time is not free. There are many ways to sell an item, and convert the item
Selling Estate Personal Property – Time is Money Read More »
Thanks and Recognition to The Historic New Orleans Collection The following article was garnered from a special 1-hour program presented by the Historic New Orleans Collection, where the experts of the HNOC and the specialists from their Decorative Arts of the Gulf South (DAGS) program combined to present the fundamentals of the care and treatment
Caring for Your Collection, Where to Begin? – A Primer to Approach Collections Read More »
If the estate has a sizable book inventory or collection, valuing and liquidating the estate library can be a serious task. From the collection of romance novels, and the boxes of children’s books in the attic, to the rare volume and star of the carefully curated collection, books have value. Perhaps not the value you
What to do With Old Books? Vintage & Antique Books, Paperbacks Too – What To Do? Read More »
Estate Personal Property (otherwise known as, ‘Personalty’) – The moveable assets of the estate. Property which is neither fixed or real property, money or investments. Examples: vehicles, furniture, jewelry, clothing, personal items, etc. First, a discussion with your Estate’s attorney should educate you regarding any laws in your state that you ought to be aware
Estate Personal Property – Identification and Distribution Read More »
Executor “duty” is often a one time only experience. Every estate is different, and Executorium’s mission is to present executors and estate administrators with resources, information and routes to answers within these unchartered waters.
Executorium is not is a substitute for professional advice. We strongly advise executors to seek professional counsel to guide the estate in any legal or fiduciary matters.
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