You can find treasures at estate sales.
Perhaps the very thought of them stirs up mixed emotions.
They can be sobering because someone died and their worldly possessions are on display for sale.
They can also hold many unique treasures.
According to a recent The Wall Street Journal article titled “Estate Sales Are Cool Again,” the treasure of an item often lies in its history.
For example, actress Greta Garbo lived a private life after her retirement.
This privacy intrigued many.
Her apartment sold for more than 43 percent of its asking price ... for a total of $8.5 million.
The belongings and homes of celebrities are researched, examined, and marketed to bring the highest profit when they die.
This is exactly the case with the estate of Hungarian actress Zsa Zsa Gabor.
The stories are what connect people to the items.
No surprising, the history behind and time or home is what buyers are actually purchasing.
Although you are likely not a celebrity, you can learn from them.
Record and research heirlooms in your home.
The "provenance" of a given item can either help fetch a good price at an estate sale or make it more meaningful when passed along to family members.
If you want to keep heirlooms in the family, work with an experienced estate planning attorney.
He or she will help you create a plan to meet your goals.
So, how do you find an "experienced" estate planning attorney?
First, ask around. Friends, family and other professional advisors are trustworthy sources.
Second, conduct an "organic" search on "Google" for "estate planning" near you (e.g., "Estate Planning Anytown MoKan").
Third, either way, verify! Check out the education, experience, ratings and client reviews of any attorney before you contact him or her.
In fact, I use both of these services to thoroughly vett attorneys before referring members of our "client" family for legal help in other areas of law or for matters in jurisdictions outside Kansas or Missouri.
Remember: “An ounce of prevention is worth a pound of cure.” When making your financial, tax and estate plans, do not go it alone. Be sure to engage competent professional counsel.
For more information about estate planning in Overland Park, KS (and throughout the rest of Kansas and Missouri), visit our estate planning website and be sure to subscribe to our complimentary estate planning e-newsletter while you are there.
Reference: The Wall Street Journal (February 1, 2018) “Estate Sales Are Cool Again”