Get A Valuation Of The Contents

August 26, 2016

 

The first thing I suggest to a newly appointed Executor is have the contents of the property valued. A contents valuation:

 

  1. Gives a realistic current market value of the contents of the estate and

  2. Assists the Executor in making decisions about what to do with the contents.

 

It is difficult taking the role of the executor, especially when there are more than one beneficiary. Each person has a different expectation of the process, of what is at the estate and it's value. 'One man's trash is another man's treasure' as they say and one person may think something is worth a lot while another person may not. A contents valuation provides a current market worth of the estate contents and can clear up any misunderstanding.

 

In Estates where the value of the contents is high, it doesn't mean items cannot be donated. I've worked with Executors who have valuable items they'd prefer to donate because they really want them to go directly to people who will use them. On the other hand, I have worked with Executors who need every item possible in the property sold to increase the value of the estate for the beneficiaries.

 

Each home has it's own requirements and I have lots of places around Perth to sell and donate items. I really enjoy the challenge of finding a new home for the loved items that the person who has passed owned, to honour their life.

 

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