Clean your parents' house

When it's time to clean up your parents' house, knowing where to start can be overwhelming. But Gary Germer can help you get started. The old appraiser joined us to share his expert advice.

Cleaning your parents' house:

1. Planning ahead with parents and family:

to. Make it clear in writing who will inherit what. Money, investments, and real estate are relatively easy to set up and share, but personal things are much more difficult. There is no band with a name. Not "mom told me", only what is written counts in the end.

Yes. Parents can hide money or jewelry, but they need to tell or write to a close friend where they keep things and keep them with their important documents. Millions of dollars of cash and valuables are now in landfills because nobody fell on them after someone died.

vs. Choose only 1 person as an executor

2. To deal with an inheritance later:

to. First obvious: Distribute desired and gifted items. Throw away the wet garbage, the old food, the old newspapers, the obvious garbage. (If in doubt, save it.) Safe / gold weapons; Family photos and papers

Yes. Check hidden money and valuables; Bags for clothes, books, flower pots, cupboard doors above / behind, in planters in the garage. etc. (keep all jewelry, silver, gold and weapons in a safe place. These are the most liquid)

vs. If you manage the sales yourself: relax, you will be wrong, but only a little.

• As soon as the family is ready, the rest of the house should be liquidated. Sell ​​first! Give it a second!
• Sort things by topic.
• Customize the rest so that it looks like a nice department store, at a clear price, everything clean and polished.
• Hire a professional appraiser or real estate provider to assist you with the valuation. DON'T SELL IT ... DON'T SELL IT. Pay them hourly for their time.

3. If you need professional help:

to. If you are emotionally overwhelmed.

Yes. When there are special collections

vs. when there are fights between family members.

Re. If you donate a significant amount of assets

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