Plan ahead to sell your collection

With the New Year approaching, it's time to start thinking about making some New Year's resolutions - one of which should be making a plan to dispose of your collection should you die unexpectedly.

Michael Echols, DDS writes on the About.com collectibles website, "The question you have to answer is who will sell your collection and how. The choices you make now will pay rewards to your family at a time when they don't have the desire or knowledge to do research to sell your collection. People often put off this kind of planning, like their will, because no one expects to die suddenly. But, it happens and we all know it."

He goes on to say, "Now, I'm not talking about putting a page in your will to tell your family your wishes that your buddy Fred will take care of your collection. I'm talking about a full-blown liquidation plan made by the person who knows your collection best...you."

To read Dr. Echols thought provoking article, click here.