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AUCTION CO. |
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Estate Auction Sales
Estate Management, Appraisals, & Auction Sales The Great Transfer of Wealth We are at the commencement of the greatest transfer of wealth in the entire history of this country. Over the next 50 years trillions of dollars will transfer from America’s aging elders to their children. The World War II generation of elders who endured hardship during the depression has become history’s first mass middle mass. Enjoying the postwar boom in jobs and wages, explosive real estate values in the past 30 years, and the equities (stocks) bull market over the last 15 years has created an enormous amount of wealth for many elders to transfer to their children. The assets accumulated by the wealthy elders will now pass to their 76 million children the baby boomers. Twenty nine percent of the population born between 1946 and 1964 stand to inherit more than 10 trillion dollars. Our Role in this Transfer of Wealth With over 15 years of experience in the appraisal and auction sale of Real & Personal Property we stand ready to help you. In preparation for the distribution of an estate many considerations must be taken into account such as legal expenses, accounting, appraisals, debts, taxes, probate, real property management, small business management & liquidation etc. Many times when one or another spouse passes on they do not have the knowledge or know how to begin to consolidate an estate. Where a small business is involved it can get very complicated to start the appraisal and liquidation process. Many times there are surviving partners, spouses, and children who will require an appraisal and or liquidation to distribute the assets of the business. The longer un-utilized assets sit the more it costs the estate for carrying costs, taxes, maintenance, insurance, utilities, & management etc. When an estate holds on to its un-utilized assets it becomes a self-defeating purpose. Many estates sit on assets 2 3 4 and even 5 years before they realize that these assets have not generated any income for the estate, and in fact have created nothing but expenses & losses. When properly liquidated in a timely manner the proceeds can be put to work in a better income generating asset(s). The longer an estate takes to become liquid on the balance sheet the more it will eat into the estates assets. Sometimes we find estates that are starving for cash to keep the estate liquid to pay its debts in a timely manner. Most people do not have the expertise or discipline to distribute assets whether real or personal property. We can supply you with the expertise to conduct a timely appraisal, liquidation and auction sale of an estate of real & personal property. We have appraised Real & Personal Property for the past 10 years for individuals, private concerns, small & large corporations, small businesses, estates, guardians, & conservators. Appraisals are performed on a flat fee basis after a complete inspection of the assets to be appraised. Auction sales are conducted on a commission basis as a percentage of the entire proceeds realized from the auction sale. Estate Property we Sell at Auction: |
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