April 11, 2008, Newsletter Issue #133: Creating An Estate Sale

Tip of the Week

There are two primary ways in which you can create an estate sale. If you wish for your estate to be liquidated through auction after your death, you should stipulate that in your will. You will need to name who you wish to oversee your estate auction and who you wish to have the proceeds. If you are the executor of an estate and wish to hold an auction, you will need to consult a lawyer to make sure that you have legal purview to do so. After receiving legal clearance, you will need to contact an auction house in the area of the estate to oversee the sale. Alternatively, you can seek to sell the estate yourself online through an online auction site, though such an action is very labor intensive for a large estate.

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