Guild Estate Assistance
What am I dealing with?
Woodworking estates typically contain power tools, hand tools, lumber and various small items that can puzzle the casual observer. They usually include varying degrees of clutter. What is it? What is it realistically worth? Should I try to sell these items myself, or hire someone? Is it a good idea to donate items and receive a tax benefit?
Woodworking tools and materials are specialized and complex. Most people do not have the knowledge to set an appropriate value on these items. A small hand tool may look like a $20 item but may be worth $200, while a big old power tool may look like it’s worth $1,000 but in reality only be worth $150.
The Guild has put together an experienced team of woodworkers to help families with woodworking shops deal with these complexities during this stressful time.
Decide on approach
Sell it Yourself
Donate to the Guild
The Guild is a 501(c)(3) non-profit organization.
Hire the Guild to Run an Estate Sale
A typical sale entails between 100 and 300 man-hours of work. The Guild charges a small fee (~25%) of total sales, after deducting necessary expenses such as truck rentals, lunch, disposal fees, etc.
In Time of Need - The Guild is Here
The Guild's Estate Sale program has been a very successful community service program, financially beneficial to the families, the Guild and to our members.
When called upon, the Guild will do a brief survey and coach the Estate's executor on the value of equipment, tools and materials. If a choice is made to work with the Guild for a sale, details are below.
Remembering the Guild
If you would like to remember the Guild of Oregon Woodworkers in your Will, here is suggested wording: A Last Will wording suggestion. We suggest that you consult your legal adviser if you would like more details.
Estate Sale Rules
We strive to make estate sales fair for all: families, our volunteers and outside buyers. Each sale has some “big draw” items that sell fast. It’s not fair for us to advertise these items and then let the volunteers buy them before the sale even opens. On the other hand, volunteers should get some benefit for working. To avoid this issue we use a “tagging” system.
Usually estate sales are first-come, first served. The “tag” approach lets all interested parties who arrive in the first hour bid on items priced at $100 and up. In addition to giving all a chance, it maximizes the return to the family and it also helps ease the “Christmas Rush” open door problem.
An hour after the sale opens, the "tagged" items are auctioned off. Items left are available to all.
End of Day items - at the end of the day, the items left are offered to anyone interested at a lower price. All offers are considered but the Estate Captain makes the final decision, sometimes in conjunction with the family for large items.
What is left is donated to local non-profit organizations and a tax deduction letter is provided.
Note: “Tagged” items are only applicable for items that are priced at $100 or above. Items less than $100 can be purchased when the sale starts.
The Volunteer Team
A typical sale entails between 100 and 300 man hours of work. We recruit members with all levels of experience and skills. We cover any expenses incurred when helping with a sale and provide lunch and snacks during the workday.