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<p>[QUOTE=&quot;cpm9ball, post: 954276, member: 24633&quot;]Id is right! The value of certain assets are computed on a stepped-up basis at the date of death. For estate purposes, you&#039;d want to use the full retail value of the collection so that when it comes time to sell, taxes would be minimized for the heir. You shouldn&#039;t use Greysheet prices to establish the value for tax purposes. For example, suppose that the Greysheet value is determined to be $10,000 at the date of death, and you sell the collection for $20,000. Estate taxes may be due on $10,000. However, if it was determined that the collection had a full retail value of $25,000, and it is sold for $20,000, then no taxes would be owed. </p><p>&nbsp;</p><p>It would be advisable to contact someone knowledgeable in estate tax law in the state where your grandmother lives.</p><p>&nbsp;</p><p>I&#039;m sorry for your loss.</p><p>&nbsp;</p><p>Chris[/QUOTE]</p><p><br /></p>

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