Quote:
Originally Posted by Mahomie
The "goal" isn't to pass them down - that's just a necessity that happens when one passes on. End of life conversations about wills and durable powers of attorney are extremely important to have, and can alleviate some of the burden that's been mentioned.
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Another option is to sell everything that you are knowledgeable about that your family doesn't want. . .
I'm not sure what is better from a tax standpoint -- it's possible having your family sell the collection after they inherit it may have tax benefits compared to selling the collection while you are alive.
Unfortunately I've dealt with this situation a few times, and none of my experiences have been pretty.
All of this said -- I hope I am wrong about this rookie card business. Please pump up the value of my collection -- I will be more than happy to sell out.