Insights into Deceased Estate Clearance for Will Executor
As a will executor, you are tasked with the job of distributing a deceased person's property according to the will. However, if the dead person left behind, for instance, antique furniture and a house, and the family members agree that they should be disposed of, you have to find a way to make it happen. How then do you go about clearing the antique furniture and house left behind by the deceased? This article highlights how to go about the process.
Consider Property Valuation – It is not rocket science that used antique furniture loses value over time. As such, you must carry out a valuation of the furniture and any other property before you decide to clear a deceased person's estate. A formal valuation conducted by a will executor provides an estimate of the value of all items that should be cleared in the estate. One thing you must be careful about when preparing for valuation is the type of valuer to hire in the process. Most importantly, only use the services of a qualified licensed valuer for accurate assessment and itemisation of the estate.
Virtual Staging -- When clearing a property, it is always a good idea to sell everything as-is. However, this is not always the case, especially if the furniture is not in excellent condition. Therefore, you might be forced to clear the house and leave it empty. The downside of doing so is that an empty house does not sell as fast as a fully decorated house, and with time against you, you need to think on your feet. Virtual styling and staging offer an opportunity in this regard. In this case, new furniture is brought to the house and styled in such a way that it showcases the property's best advantage. While virtual staging requires financing, it increases the chances of a successful sale and, consequently, estate clearance.
Donate Furniture to Charity -- As mentioned earlier, antique furniture might or might not be in good condition. However, this should not stop you – as the administrator -- from disposing of it accordingly. While you can sell the pieces to interested parties, if they are not in good condition, it might be a good idea to donate the pieces to a charity of the deceased person's or the family's choice. Luckily, most charities arrange free home collection of the furniture, thereby saving you a lot in terms of transportation costs. Most importantly, estate administrators must adhere to the will's instruction concerning charity donations because donating to a charity of your choice will land you into legal problems.
To learn more about deceased estate clearance, consult a resource in your area.