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<p>[QUOTE=&quot;GeorgeM, post: 1857368, member: 28550&quot;]I recently helped appraise a collection of coins that was discovered in a safe in a storage unit that someone purchased at auction. There were several coins in the lot worth &gt;$1,000 each, and it made me sad that the collectors family didn&#039;t receive the benefit of his good taste and investment.</p><p><br /></p><p><b>So, I resolved to prepare a presentation for my club (the Dallas Coin Club) about estate planning and inheritance issues. I&#039;m looking for input about what should be in the presentation &amp; would appreciate your help.</b></p><p><br /></p><p>Here are some of the topics I&#039;m planning so far:</p><p>1) Preparing an inventory of your collection (with provenance or at least a general ballpark of how much you paid for each item / an estimate of it&#039;s value). The inventory should include locations &amp; details necessary to access materials (ie; safety deposit number or safe combo). Obviously, this is something that should be very well protected &amp; only given to someone that you trust completely.</p><p><br /></p><p>2) A will, with any particular items &amp; their inheritors spelled out, or a percentage assigned to heirs. Also, you may want to consider assigning inheritance von stirpes (in case a particular relative passes away between updates to the will, this would dictate that their branch of the family inherits their share). This would also be a great time to name someone to handle the disposition of assets (ie; a particular auction house or estate lawyer &amp; to fill out paperwork setting up that in advance), and set out bequests to charitable organizations (such as your coin club!). You can set this up to be a public spectacle (everyone finds out what everyone else got) or a private matter (each person is contacted individually).</p><p><br /></p><p>3) A list of people who you trust to make fair offers or appraisals on items. This might be trusted coin dealers who you have bought from in the past or fellow collectors.</p><p><br /></p><p>4) Tax details on items. (<strike>I need to check on particulars, but I think</strike> you can give up to <strike>$10,000</strike> $14,000 a year to family members tax free). So, if you plan on passing along $25,000 of coins to one person, you might write out an attestation that you gave them $8,000 in 2010, $8,000 in 2011, and $9,000 in 2012 but kept the items in your vault for safekeeping.</p><p><br /></p><p>5) Special details about items that you want future owners to know. Ie; the original packaging is in a&nbsp; box in the attic labeled &#039;Coin Packages&#039; OR &#039;This was purchased on my honeymoon, while my wife was sleeping off 3x Mai Tai&#039;s&#039; or &#039;This coin was never monetized by the mint &amp; may not be legal to own... watch out for the SS &amp; be circumspect if you decide to sell it&#039;.</p><p><br /></p><p>6) ???</p><p><br /></p><p>What else should be part of this presentation? All suggestions welcome.[/QUOTE]</p><p><br /></p>

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