Many

Finweek English Edition - - LIFESTYLE -

trea­sures have landed up in gen­eral auc­tion houses gen­er­at­ing lit­tle or no value for the th heirs, usu­ally as a re­sult of in­ad­e­quate es­tate plan­ning. Here’s how it should be done:

Kee Keep items cat­a­logued and ap­praisals up to date. Re­view R this list an­nu­ally.

A lis list of in­struc­tions should form part of your will, o or con­tained in a let­ter of wishes.

In­clude a list of spe­cial­ity ap­prais­ers, auc­tion houses and deal­ers for the ex­ecu­tor.

Al­ter­na­tively, an ex­pert in the field of col­lecta­bles can be named in your will to over­see the dis­posal of the col­lecta­bles. Th­ese in­di­vid­u­als are nor­mally paid a com­mis­sion and can prove in­valu­able in re­al­is­ing the true value of your items.

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