What Happens to a Loved One’s Belongings After They Die?

When a loved one, such as a parent or grandparent, passes away, they usually leave behind much more than their legacy and memories. As if the grieving process isn’t challenging enough, there’s another concern that may require timely action: “What happens to their stuff?”.

As trusted local estate liquidators in NJ, Bodnar’s knows it’s crucial to get an accurate idea of what “estate” actually means. While you might picture a beautiful mansion nestled on lavish grounds, not everyone’s estate is so ornate. Someone’s collective “estate” are the assets that comprise their property, most significant of which are outlined below:

The answer to this question varies case-by-case, although there are a few key ideas you should be familiar with regardless. If the deceased does not have a will, it means they’ve died “intestate,” which each state has established guidelines on (known as intestate succession laws). These laws control how the estate is handled in probate court, which aims to cut off creditor claims, resolve conflicting claims to property, and transfer titles. The estate may be inherited by spouses, children, or other relatives, depending on the deceased’s status.

If the deceased individual has a will, possessions can be correctly distributed. The individual appointed to administer the deceased’s estate is an executor, and those receiving items outlined in the will are known as beneficiaries. While beneficiaries can be spouses and blood relatives, they can also be close friends, charities, or even places of worship. Beneficiaries may wish to retain particular possessions, especially if they have sentimental value (photographs, jewelry, furniture, etc.), or they may choose to dispose of them.

A beneficiary may also sell items they are entitled to, which can be anything from a unique lamp to a classic car (although the latter inheritance will come with a healthy dose of title transfer paperwork). At Bodnar’s Auction, we understand that not every beneficiary is well-versed in appraising the values of items they’re not familiar with. Maybe they’ve inherited a comic book collection they suspect might be of high value, but aren’t quite sure. Perhaps the deceased has left them a home filled with antiques the beneficiary has no practical use for but wants to sell it to an eager buyer at the right price. As the largest auction house in New Jersey, we can help out with that! Our local liquidation auctions in NJ can sell the content of any type of home quickly.

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I’m happy with everything Joe and Janet did, you were both informative and were very helpful with the questions I had being that I was never in that position before. Janet’s response time was also positive for me. It was interesting to watch the auction live. I thought you did an amazing job and had a nice banter back and forth. You seem to be a good team! Thank you for all your hard work and making this difficult time of letting  my deceased father’s collectibles go an easy experience.

Kim F.

I would like to thank you for including me in your online sale.
Everything from none contact drop off, to none contact pick up, was handled with the outmost professionalism.
I appreciated your clear communication after the sale with a printout and an explanation of when I’ll receive my check.
Overall I was very please with the prices my jewelry achieved, some lot  went for less then I expected, others went for more, it’s all in the average.

Thank you very much

Michal F.

I come to your auctions often. You and your staff are great. Your change to an online auction on 4/9 is just another testament to your fine character and being thoughtful of others. The items are great no doubt, but a big reason I keep coming back is due to the culture you have created. Thank you. Art

Art F.

Thank You Joe! We Had a Very Good Experience With Your Team! 8/15/19

Carry G.

Sold in July 18, 2019 sale and Overall Pleased!

Frank D.

I received the proceeds from the Auction and wanted to again thank you and your team.  Everything went so smoothly and you all did such a great job from start to finish.This was an overwhelming experience for me and you made everything so easy.  I have been recommending you to everyone!

Thank you again for helping me; your kindness was very much appreciated.

Debbie B

Five Stars!

Samuel P.

Great deals and great company

Armand P.

Love this service! Great deals if you know what to look for!

Anthony D.

As I said once before, Wonderful People Work here. Thanks too all for your constant help. One Huge Look Auction!

Michael L.

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