So you’ve just inherited a collection huh? While each situation will differ, the most difficult decision is often the most basic one: do you keep it? Read more
Tag Archive for: Estate Planning
My good friend, Charles, now in his 80’s, was faced with a gut-wrenching choice several years ago. Having passionately collected Civil War artifacts for more than 70 years, his attention was turned to the question of what would happen to his beloved collection after he died. Like Charles, many collectors can spend a lifetime amassing a collection, but pay little attention to what will happen to it after they’re gone. Read more
Over the years, we all accumulate objects that are important to us. Some are carefully chosen to enhance an existing collection, while others have been inherited or received as gifts. Whether your possessions hold monetary value, historical significance, or sentimental value, you should maintain thorough records about the objects for several important reasons.
“I don’t need an inventory management system, my notebooks and spreadsheets work just fine. Besides, I don’t trust putting my personal info online.”
I hear those objections from time-to-time when speaking with collectors and dealers about our online collectible inventory management system, RelicRecord. And here’s the thing, I get it. We all find comfort in using the same methods that we’ve always used; and for the most part, we’re resistant to change – I’m no different in that regard. After all, Momma always said “if it ain’t broke, don’t fix it”… right?