Estate Planning Part Two: Leaving your Legacy and Liquidation with Rare Coins and BullionPosted on — Leave a comment
There are four major benefits to including rare coins and bullion in your estate plan:
- Private transfer with little to no paperwork.
- Diversification with steadily appreciating assets.
- It’s personal – your legacy.
- Simple liquidation process.
Yesterday, we explored the first two benefits in this article on estate planning.
Today, we’ll explore the impact and memories you can leave to your loved ones when numismatics are part of your estate plan and the tangible assets liquidation process. We welcome your questions if you would like to build a legacy through a numismatic portfolio or if you have inherited bullion or rare coins. If you are an attorney working with clients who don’t know how to liquidate a tangible assets estate, we can help guide your clients through their options with a no-obligation, complimentary phone consultation. Let’s get started.
It’s personal – your legacy.
Perhaps one of the best aspects about leaving tangible assets to your loved ones is that it’s personal.
Numismatic collections are unique and one of a kind. A numismatic collection represents not only significant wealth and value – but also represents United States history, your passions and ultimately are a reflection of you and your hand-picked choices over time.
You have the opportunity to customize numismatic collections to match the interest of each of your heirs.
For example, let’s say you have three daughters – you could build a special series of coins for each one of them – customized to their personalities or interests. Perhaps you have one daughter who admires early America, another who likes shipwrecks, and another who adores sculptures. We can help you build a one-of-a-kind series – for each of them! Imagine passing on such a personal, meaningful and valuable legacy to your loved ones. Blanchard can provide histories of each of the coins with an explanation of why you chose to include those coins in a certain collection, if you’d like.
Hand-picking coins for your heirs allows you to leave your signature on your estate in a much more meaningful way than passing down a brokerage account.
Liquidating the estate assets
For 46 years, Blanchard has helped thousands of individuals and families liquidate tangible asset portfolios. Our firm can assist you or your client even if we didn’t help build the coin portfolio.
When it comes to unraveling an estate, liquidating tangible assets is a very simple transaction. It will likely be one of the simplest parts of any estate to liquidate.
We also work with heirs to determine if they want to continue to hold onto the entire collection, or sell a portion or all of it. We provide these consultation services at no charge to heirs. We can provide valuations to assist them as they decide they want to sell or hold onto and continue to build the legacy that you’ve left to them.
If your heirs decide to sell, they simply need to send us the tangible asset and we will wire transfer a check with little to no paperwork involved.
Who is this type of estate planning appropriate for? Everybody who is concerned about the value of their estate and the impact it will have on their heirs.
Tangible assets like rare coins and gold bullion are an asset just like any other assets like stocks or bonds. You can place them into a trust or as part of your estate just like any other asset they own or simply tell your heirs where your collection is stored.
About Blanchard & Company
In 1975, Jim Blanchard founded his family-run investment firm – Blanchard and Company, Inc., in New Orleans, Louisiana. Blanchard and Company has deep roots in the numismatic community and is widely regarded as the most respected tangible asset investment firm in the country. Blanchard has served over 450,000 investors.
Our meticulous coin acquisition is unrivaled, and it reflects the union of our superior business principles and impeccable rare coin selection methods. We proudly offer coins handpicked by John Albanese, who is the top numismatist and coin grader working in the rare coin market today.
Coin Grading – CAC
Albanese is America’s leading professional numismatist, and he is a world-renowned authority on coin grading and the rare coin market. He co-founded Professional Coin Grading Service (PCGS) before launching Numismatic Guaranty Corporation (NGC), where he personally graded more than one million coins. He also founded the now industry standard, CAC (Certified Acceptance Corporation) coin grading and verification firm.
A little history: Dealers themselves graded rare coins prior to the mid-1980s, raising serious conflict of interest issues that often resulted in fraudulent grading. The third-party grading services were established in response to this fraud, developing standards and practices that are now widely accepted. These organizations neither buy nor sell coins, so there are no conflicts of interest.
Today the stringent coin grading standards in place have removed those issues and concerns.
And CAC stickers increase the value of the verified coins as they ensure to both buyer and seller the true value of the rarity.
If you have any questions about using tangible assets in estate planning or want to liquidate a portfolio for yourself or for a client, please reach out to one of our portfolio managers at 1-800-880-4653. Mention you read this article and would like a no-obligation, complimentary consultation with an estate planning expert.
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