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<p>[QUOTE="Jeff Drum, post: 408359, member: 6444"]My wife was raised Catholic, and is one of nine children. When her Mom died, they did a similar thing, with an auction for the children only. They had an appraiser come in to give things realistic values and took pics to Xerox into a catalogue, and ran it like a normal estate auction. It was successful in distributing almost everything her Mom had in her house (she wasn't a hoarder). Some things went for less than they were worth, some things went for more (especially her Mom's jewelry with four sisters bidding). A good way to prevent future resentment, I think.</p><p><br /></p><p>A much lower cost solution was used by one of her cousin's families. Another large Catholic family, but in this one there was more disparity in wealth, and it didn't seem fair to let the richest sibling outbid everybody else. So they opened the house to the children, and they went in order through the kids by age, with each one picking one item in each round, until they got to the point that no one wanted anything more. I thought this was another great solution to prevent future resentment. Both require a fair executor to set such a thing up. And a fair group of siblings who don't hide or take away items unfairly before the start.[/QUOTE]</p><p><br /></p>
[QUOTE="Jeff Drum, post: 408359, member: 6444"]My wife was raised Catholic, and is one of nine children. When her Mom died, they did a similar thing, with an auction for the children only. They had an appraiser come in to give things realistic values and took pics to Xerox into a catalogue, and ran it like a normal estate auction. It was successful in distributing almost everything her Mom had in her house (she wasn't a hoarder). Some things went for less than they were worth, some things went for more (especially her Mom's jewelry with four sisters bidding). A good way to prevent future resentment, I think. A much lower cost solution was used by one of her cousin's families. Another large Catholic family, but in this one there was more disparity in wealth, and it didn't seem fair to let the richest sibling outbid everybody else. So they opened the house to the children, and they went in order through the kids by age, with each one picking one item in each round, until they got to the point that no one wanted anything more. I thought this was another great solution to prevent future resentment. Both require a fair executor to set such a thing up. And a fair group of siblings who don't hide or take away items unfairly before the start.[/QUOTE]
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