Are your parents, your grandparents, or perhaps you at a transition phase in your lifetime?
What is a transition phase?
Here are a few examples:
- Moving into a new home
- Moving from a larger home to a smaller home
- Moving to a retirement facility or an assisted living facility
What do you do with all of the things that you no longer have space for? What do you do with the things you no longer want or need? what do you do with your art, antiques, collectibles, furniture and general household items that you just really don’t have the space for anymore?
It would be a waste to put them away a storage and then bear the burden of the cost of storing until the inevitable happens, which happens to all of us, when we pass on to that final transition. Then everything is left for those who we’ve left with the responsibility to deal with all of those things.
A better solution to hauling and storage is to “right-size” your estate as you go through each transitional phase of your life.
Work with a professional and go through a thorough process of trimming down those things that you really no longer have a need for.
Turn those assets into cash that you can use to help fund your transition period, or to do some things that you always wanted to do.
If nothing else invest that money or set it aside so that when the final transition occurs, that money will be there to take care of any final expenses and/or to pass on to your heirs.
Working with a professional Auctioneer and/or Appraiser is your best option for right-sizing. They have the experience, the expertise, and the resources to help you minimize your “stuff”, while maximizing the money you receive for it on sales day.
If you would like more information, or to schedule a free initial consultation about right-sizing, please call or email us today.