Article on How to Avoid Three Personal Property Misconceptions that Could be Losing Your Clients Money

Let’s be honest—no one likes going through a closet—not even her own closet. How long have you had a pile for donation sitting in the corner without touching it? Often, we resist acting because we fear it’s not worth it.
Now, imagine you’re walking into a stranger’s home—you’re likely walking into closets filled with clothing, personal keepsakes, and too many shoes. You ask yourself again, “Is this worth the time it would take to sell?” More often than not the answer now is yes. Consumers are more tech-savvy than ever before, and quality goods—both luxury and vintage—have grown in popularity and value. Your estate’s closet has just become more valuable per square inch than just about any other part of the house.
This shift has left advisors confused about where to begin and how to understand the value of items in an estate’s closet and the luxury items that decorate a home. Below are common misconceptions you want to avoid when settling an estate and tips on how to ensure you’re getting your client maximum value.

See Karin Dillie, How to Avoid Three Personal Property Misconceptions that Could be Losing Your Clients Money, Probate & Property Magazine, Vol. 33, No. 1, January/February, 2019.