Picking a Person to Pass Your Jewelry Collection To
Family heirlooms are items of value that are passed from one generation to the next. If you want to start a new tradition, you can start buying jewelry now with the intention of gifting it to someone you love in the future. It’s a thoughtful gesture that often appreciates in value over time.
When deciding who should get your jewelry collection, ask yourself the following questions:
1. Who would wear it?
Is there a family member or friend who would feel happy to wear something that reminded them of you? Did anyone compliment a piece of jewelry that you wore because they really loved it? Once you’ve thought about the answers to these questions, you’ve likely come up with a name or two to consider leaving some jewelry to.
2. Who can care for it and store it?
Some people may find it difficult to ensure, store, repair, and maintain a large jewelry collection. They may live in temporary housing and not want to risk leaving a piece behind. These factors can very well help you finalize your decision of who to leave your earrings, necklaces, rings, bracelets, brooches, tie tacks, and cufflinks to. You want to know that it will be safe and in good condition in the care of the person you’ve given it to.
3. Who would appreciate it the most?
Someone who you love very much will feel honored to own something that was yours. They’ll cherish the thought that went into leaving them heirlooms that they can truly appreciate. If you have a son or daughter that you want to give the jewelry to, they’ll pass it down to their son or daughter who will continue the tradition with their own offspring.
4. Who will honor the tradition?
You want to will your jewelry to someone who will encourage others to pass it on. If it’s important that it stays in the family, think who the best steward would be to watch over it. If they’re willing to carry on your tradition, they’re likely someone you’d want to oversee distributing your gemstones and precious metals to other relatives. That way everyone gets something that belonged to you to pass on to their own offspring.
Now that you’ve gotten a feel for who would wear your jewelry, care for and store it properly, and appreciate it, you’ll have an easier time passing down your jewelry collection once you’re gone. You can even opt to do it for special occasions such as birthdays or weddings.
Many parents and grandparents choose to mark events with an unforgettable gift. There isn’t any real rule to when you could gift part of your collection away. You have that option available for whenever you feel like it.
Selecting a person or people to pass your jewelry collection to takes time and careful consideration. After all, you want them to appreciate the pieces as much as you have. Making sure to include this information in legal documentation ensures that your wishes are honored and the person or people you want to gift items to gets what you’ve chosen for them.