The New York Times recently published an article titled "Managing Estate Sales Becomes Big Business" which documents this interesting trend.
However, elderly people can take advantage of this trend as well.
If a couple is looking to retire either to another state or a retirement home, they can sell their estate before it becomes an estate. The proceeds of the estate sale can be used for living expenses or even made a part of an estate plan. It becomes a way of disposing of your estate before your heirs have to do it.
Of course, you may not want to include all of your possessions in an estate sale. Valuable heirlooms and other items of value should be handled differently in your estate plan.
An estate sale is just one way of helping to manage things. It is not a substitute for a complete estate plan. For more information on this and other elder law and estate planning subjects, contact Idaho Estate Planning and schedule a consultation. Remember, good planning is no accident.