Inheritance of a coin collection

Joey6123 — Sat, 19 Feb 2022 21:49:33 GMT

Hi . My brother recently died and left a substantial coin collection but little in the way of other real property. We are getting the coins assessed as I understand taxes are only paid upon selling them and based on any profits or difference between FMV at the time of death and the sell price. My question is how do we prove the coins were inherited? Death certificate only? We have a will and trust but may not use the trust because of the lack of real property and instead use Affidavit of Small Estate. Is this enough? My understanding is that coin collection is personal property and does not need to be included in a trust but then how do you prove inheritance? Valerie

Re: Inheritance of a coin collection

Anonymous_ — Sat, 19 Feb 2022 21:56:24 GMT

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Inheritance of a coin collection

Re: Inheritance of a coin collection