Moira Visoiu at the Hull Yard sale& Hull Estate Law Blog posted a really interesting article a while back on dealing with personal property when you are the executor of an estate. She went through a great amount of detail on what you have to do as an executor to protect yourself when there is personal property that has the potential to be valuable to the estate, because beneficiaries often expect the estate to be maximized. If you are acting as an executor, or may be in the future, I would encourage you to head over to their site and check it out.