As you can imagine, when there is an estate to be settled, emotions can be all over the place. Family who once got along can suddenly become bitter enemies when matters of an estate arises. In other cases, bitter enemies can become close friends. It really is all in how the matter is handled. As an Auctioneer, I have seen it both ways.
A conversation today reminded me of how quickly things can turn bitter and how an auction can be the answer to keep that from happening.
When an estate arises, there will undoubtedly be some property or items that one or more people in a family want. This is how bad situations can start. Each family member lays a claim to the same item(s) and the war begins. Attorneys will line up at your door offering to help resolve the issue, for a modest 40% fee of course. When people fight, the legal folks are the ones that win…..unless
You call an Auctioneer.
Yes, for a very modest fee the issue can be resolved. You were more than likely going to sell all the “other” items at an auction, so why not include the items causing the discourse? At a public auction, EVERYONE is allowed to bid, including the heirs. Therefore, the item(s) in question can simply be placed on the block and you can “duke” it out at the auction with your bids and not your words or many hours in court. IN the matter of a few short minutes, both the public and the family can determine who indeed wants it more and after that the issue is resolved.
I have seen this happen many times in my 20 years and it truly is the best way to resolve the issue of “who gets it”. Whoever ends up with the items in question has the heirloom and the other party receives proper payment in hand as the public bid it to properly set its value. I have seen people bid in anger, but once it was over, the matter was settled and tempers remained low. (of course there is always the one in 1000 who is going to stay mad no matter what!) I have also family members weep as they bid against each other for that heirloom, then once over, embrace in love and tears.
Yes, this is coming from an Auctioneer who makes his living by selling things at auction, however, from where I have sit, this truly seems to be the best way to keep issues to a minimum.
Best of luck with your estate issue and……..
It’s Auction Time!