Many collectors hold onto their valuable items to the last minute, and the thought that the items could go to someone else is scary to many of them.
One of the reasons why collectors revere their items is because they come at a great cost and the demands for caring for the items is intense.
However, when you make an investment in these items you need to think about estate planning as well. The nature of collectible items and your attachment to them, the level of care needed all make them require specialized handling by the beneficiary.
Without a special estate plan and the right will, beneficiaries might find themselves handling family disputes that never end, high taxes and liquidity issues among other problems. Many people come up with a meticulous estate plan for all the other things and forget about planning for succession of their collectibles.
To understand what to do and when to do it regarding your collection, you need to work with a skilled estate planning attorney.