Ned and Nancy were thrilled to receive a rare Louis XV style Bureau Du Roi Cylinder Desk on their wedding day from Nancy’s parents. Thirty-two years later, their daughter Samantha was moved to tears when her parents presented this family treasure to her on her own wedding day. Samantha and John’s daughter, now a teenager, is dreaming of her own wedding some day and looking forward to being the beneficiary of a longstanding family tradition—the passing between generations of this cherished family heirloom.
Given that John and Samantha’s luxurious oceanfront home is vulnerable to severe weather, the couple made a point of documenting this exceptional Louis XV desk with photo images and scans of its compelling provenance, measurements and other metrics. They have done what they could to safeguard their home against destructive events, but should this valuable desk be damaged or destroyed they are comforted by the fact that a detailed documentation record of this important piece of family history, complete with audio recollections and descriptions from previous owners, will be preserved on Archival Property Solutions’ secure website for future generations to enjoy.
Cataloging their Louis XV desk in this manner and updating the record with regular value appraisals will help the family maintain suitable insurance coverage. In the event an insurance claim needs to be made, they can rest assured that the recovery process will proceed smoothly.
While the names and details of this story have been changed, these benefits are available to every client of Archival Property Solutions. Documenting a client’s tangible assets results in a catalog of valuable information that can serve as a useful and time-saving resource for Family Office activities and a wide range of services including estate planning, tax strategy, insurance evaluation, wealth management and personal- and business-related legal work.
As evidenced by the above story, creating a digital catalog is also an emotionally rewarding way to record and preserve a family’s history. Family gatherings, celebrations and traditions can be revisited by scrolling through visual reminders of past and present family treasures, homes and special collections prized more for their sentimental value than financial worth. At a moment’s notice, all this and more can be recalled and enjoyed visually and verbally through connected devices alone or with family members in distant locations.
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About Archival Property Solutions, LLC
Archival Property Solutions documents and catalogs the tangible assets of high-net-worth owners for their personal viewing pleasure and support of crucial Family Office and wealth management activities. Clients who have substantial and complex holdings in multiple locations can now keep their catalog of non-financial assets stored securely for private, confidential access via computer, tablet or phone. When maintained with current information, this confidential digital catalog can keep owners and their trusted advisors better informed, enabling them to stay current with professional service objectives and to plan for, protect against, cope with and recover from life’s unexpected events.
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