One of the most common ways to take care of the assets of a person who has just passed away is to hold an estate sale or auction. Most people accumulate quite a few hard assets during their lifetime (furniture, collectibles, equipment, car, house). Liquidating these assets can be a challenge, regardless of whether there is a will or not.
Theresa has held countless estate sales and auctions over the past twenty years, and she pays special attention to each and every one. “I am always interested in the story or history of an item,” says Theresa. “What is the provenance? How did it come be in the person’s collection? Why did they collect what they collected? Knowing the story can really help in achieving the best possible price.”
Obviously, the first step is to determine if the family and/or executor want to sell the items in the first place. Most families prefer to keep at least a few significant, valuable or unique antiques in the family. On the other hand, however, it is not unusual to see everybody happier if the assets could be turned to cash.
The executor’s task has reached a new level of intensity. Estates laws are now more complicated then ever. Government requirements have changed and there are more revisions ahead. It is her executor’s aid skill set that enables Theresa Taylor to give a helping hand to the executor in dealings with the estate’s lawyers and accountants. Due to her expertise, Theresa can handle appraisals for probate, appraisals for equitable distribution of gifting, as well as selling off the personal property on the secondary market. For example, Theresa may recommend various designated market places for specific items such as a gun or a rare coin collection.
Real estate can also be sold at auctions. Theresa and her staff are fully qualified to prepare the property, hold and manage open houses, and sell the house and its contents. It goes without saying that Theresa’s logistically demanding assistance is a welcomed help for the executor, who, in turn, can fully focus on the estate’s complex transactions. Her assistance can become of utmost importance in case of the executor not being local. Once her executor’s aid tasks are accomplished, Theresa provides the executor with a full report and with full disclosure documentation.