Affluent individuals tend to display or store high-value possessions in various locations. Many of these treasures—from works of art to memorabilia to personal items—are one-of-a-kind pieces whose emotional value matches or surpasses their financial worth. Such objects are irreplaceable should they be damaged or lost due to fire, calamity, vandalism or theft. If these items are part of a larger collection, their loss may dramatically reduce the value of the now-incomplete set.
When these possessions are located far from the owner’s watchful eye, the risk of damage or loss can increase substantially; even implementing best-practice security measures may fail to fully protect them. Physical separation also denies the owner direct enjoyment of these cherished items until the next visit can be arranged.
Thoroughly and professionally documenting and digitally cataloging these assets keeps owners in visual touch with their prized possessions, which enhances their enjoyment of ownership and provides a greater degree of peace and contentment. What’s more, should an item be lost, damaged or destroyed, furnishing the insurance provider with a detailed list of affected property as promptly as possible can increase the efficiency and reduce the stress of the claim filing process.
Ultimately, retaining Archival Property Solutions to document and catalog these treasured possessions allows high-net-worth owners to better manage the emotional, logistical and financial complexities associated with substantial wealth.
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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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When we receive your inquiry, we will determine the best way to match our services to your unique needs and circumstances. We look forward to hearing from you and will respond promptly and confidentially.