#56 — Daniel Glazier: Appraisals & How to Avoid Family Conflict Over Your Estate

Our guest this episode is Daniel Glazier — a Certified Personal Property Appraiser (CPPA) with more than 25 years in the designation. Daniel spent decades in the used furniture and antiques trade before moving into appraisals full-time and has now completed over 1,000 appraisal reports for families, executors, lawyers and financial institutions across Southern Ontario. In this episode, Dave and Daniel dive into the often-overlooked world of personal property appraisals and why so many family fights after a death have nothing to do with money and everything to do with stuff. They cover the endowment effect, Daniel's "VHS system" for identifying the items most likely to cause conflict, how to resolve disputes over contested belongings and why making a plan ahead of time is one of the most important and overlooked parts of estate planning. Whether you're working on your own estate plan, helping a parent downsize or settling an estate as an executor, this episode is packed with practical insights that could save your family real money and a lot of unnecessary conflict.   Show Notes (00:00) Intro & Disclaimer (01:44) Intro to Daniel Glazier (03:42) Daniel's Origin Story: Used Furniture & Strip Joints (06:06) The Endowment Effect & The Used Furniture Market (07:53) The VHS System for Identifying Items That Could Cause Family Conflict (11:16) Resolving Conflicts Over Contested Items by Selling Them (13:26) Make a Plan Ahead of Time to Avoid Family Conflict (16:15) The Research on Sentimental Items (17:34) A Solution to the Wedding Ring Dilemma (18:52) Handling Non-Monetary Heirlooms (20:50) The Appraiser's Role in Estate Planning (23:24) The $5,000 Lamp Nobody Noticed (25:22) Will AI Replace Personal Property Appraisers? (26:55) Getting the Appraiser Involved Early (28:02) How Clients Find Daniel (29:41) Why Sold Prices Beat Asking Prices (31:10) Location & Charitable Auctions Skewing Values (33:11) Conclusion