Helping Heirs Like Pulling Teeth?
February 23, 2012
It was another early morning for me at the dentist. While I am not fond of going, I would rather get to a 7 a.m. appointment and get it over with rather than having it chop my day in half.
Regular readers of my blog know that I keep a fairly regular dental schedule. I have mentioned visits from time to time. Such a schedule helps me do something I otherwise wouldn’t be particularly inclined to do.
Collectors are like that, too. There are things that many of them don’t want to face and there is no schedule I know of that will force them.
Some won’t tell their wife or other heirs what it is they have been doing all these years.
Some won’t keep records of what they bought, what the price was and who they bought it from.
What’s up with that?
Make an appointment with your wife (or other heir) and tell her you will leave her well provided for if she will simply follow your instructions on how to sell the collection.
Get your records in order to help her out. Settling an estate is not a walk in the park under the best of circumstances.
Sure both of these things are like going to the dentist, but at root you know these things need to be done.
You don’t want her writing me a letter like one I got this week that reads, “I have recently inherited a collection of rare coins and it would be deeply appreciated if you could send me any information regarding this field.”
What will I do?
I will send the writer a copy of Numismatic News.
Would that be enough guidance for your wife?
Now you know why I am writing this.
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