How are you managing physical assets for an estate?

As we’ve discussed in previous posts, people are trending toward taking greater control of their own estates. Yet, the vast majority still seek guidance from family offices and other experts on matters ranging from changing tax laws to socially conscious investing and succession planning. However, the aspect of estate management they often the most need help with is also the one they tend to neglect: their physical assets. How are you managing physical assets for an estate? This goes far beyond their homes to include items packed away in their basements and offsite storage units, all of which are part of their portfolio and can have an enormous impact on net worth. Here are some ways in which family offices can improve the management of an estate or property, and how all-in-one digital tools can help them do it.…

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Benefits of digitally cataloging your stamp collection.

In the past we’ve written about how people are often unaware of the value of their physical assets, especially pieces they may have inherited from a loved one and stored away somewhere. If you found your grandfather’s stamp collection buried in the basement, you’d probably be tempted to pack the box back up and dismiss it as a sentimental relic. However, that might be a mistake, not only because of the potential value of the collection but because you may be missing out on an enjoyable hobby.    Stamp collecting came about in England in the 1840s, shortly after the first stamp, “Penny Black,” was printed. Over the years it evolved into an intellectual pursuit and a study of history. Stamps are snapshots of days gone by, capturing images of revered leaders, events and social causes.  They can also…

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Collecting rare plants is not only an investment, but a serious responsibility.

Collecting rare plants has become “a thing” in recent years, though it certainly became more popular during the Covid lockdown when people were focused on their homes.  The demand has driven prices through the roof, with collectors plunking down several thousand dollars for the specific plants they want. In the UK, this man is selling leaves from his Rhaphidophora-Tetrasperma Variegata  for £12,000 each. Why is it worth so much? Because it is a genetic mutation of an ordinary plant, and he has the only (known) one in the world. Here are some things you should consider before starting your rare plant collection. Do your research.  It’s time to dust off the high school Latin textbook. Even the most experienced green thumbs will need to up their game when it comes to rare plants. Generally speaking, the most valuable plants…

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