Recently, a remarkable story highlighted just how valuable a long-forgotten item can become and why it matters that loved ones know what you own. In 2024, three brothers cleaning out their late mother’s house discovered a dusty cardboard box in the attic. Inside was a near‑pristine 1939 copy of Superman No. 1, the first issue of the superhero’s solo comic. What once cost 10¢ at a newsstand became the most expensive comic book ever sold at auction, fetching a record-breaking $9.12 million just last month.
What made the difference? Not just that the comic survived decades of storage, but that it was rediscovered, documented, and appraised. Its rarity, excellent condition, and historical significance helped reveal its incredible worth.
Why This Matters in Estate Planning
Stories like the “Superman No. 1” attic find remind us that valuable tangible property can sit quietly, forgotten for years, only to reveal substantial worth long after an owner has passed.
If these items aren’t documented or their existence isn’t shared with family or a trustee, they may be lost, discarded, or undervalued.
What You Should Do: Make a Tangible Inventory
To help ensure your property isn’t overlooked, we recommend taking some important steps. Make a detailed list of tangible personal property that might have substantial value, including antiques, collectibles, jewelry, artwork, rare books/comics, vintage items, or sentimental pieces.
Describe each item clearly, including a rough estimate of its location and any known history or provenance. Keep supporting documentation when possible, such as receipts, photographs, appraisals, or condition reports. Lastly, put the inventory in your estate planning binder and/or share it with trusted loved ones or your trustee.
A Final Word: Protecting Your Legacy
Your personal property can hold real value, whether it be financial, sentimental, or both. As part of a thoughtful estate plan, putting together and sharing an inventory ensures your legacy is passed on intentionally, not lost by accident.
If you’d like help creating such an inventory, we’d be happy to assist.