[Archive]

Posted By: Jeff Lichtman

First of all, Cat, get that will done asap. Even if you only have one heir, anything that is not in his name in a joint tenants ownership relationship will have to go through probate I believe. Trust me (no pun intended), you don't want that.

I think Bruce has a strong point as modified by Frank and Cat. It's easy to assume we'll be around forever but you don't know what tomorrow will bring obviously. My belief is that all of your plans should be laid out to some degree, either in writing or orally to an heir that would get the cards anyway. As for an auction house disappearing overnight, fair point -- but that's why one updates one's will or instructions. Just keep upating as things change. The last thing anyone wants is their priceless collection (to them) to end up in the wrong hands. Of course, this applies to everything in one's estae.