We have all been severely impacted financially over the past five years. Many people have had to withdraw money from their savings and make financial sacrifices. Although it may seem that you are “penniless” and live pay cheque to pay cheque, this is rarely the case. Here, we look at items that might be worth more than you realise, suggesting you are highly valuable.
Undiscovered Treasures
Did you make any pension contributions while working in the city in 2010? If you think you may have lost pension pots, MoneyHelper explains how to trace old or lost pensions and which services to use. (MoneyHelper – Finding Lost Pensions). When you changed banks in search of a lower interest rate, did you get a life insurance policy? Perhaps you began saving when the child was born, but life got in the way, and you haven’t utilised the account since. The UK Government’s Pension Tracing Service is a free tool to help you locate contact details for old workplace or personal pension schemes. (Pension Tracing Service).
Checking all of these factors is the initial step in calculating your financial worth. It’s okay that you don’t own a home or have any substantial investments. However, that does not imply that you do not have funds in other accounts. Many people pass away with lost property that cannot be found because their loved ones were unaware of its existence. If you suspect there may be a will or want help locating one, use our Find a Will service to check solicitors, will-writers and our database. (Find a Will)
When your will is made, your loved ones will be able to access all of your financial assets when you pass away, regardless of how small you believe them to be. Not sure where to begin? Read our step-by-step guide on How to Find a Will to make sure nothing is overlooked. (How to Find a Will)
Forgotten Gems
Technology should be specified in your will because it is quite valuable (smart devices, consoles, audio and stereo equipment, etc.). However, what about those treasured or vintage objects? Because they are challenging to locate or just out of pure nostalgia, collectables and family heirlooms frequently grow in value over time. The desire to preserve family jewels is natural. It should still be listed in your will, along with any collections and antiquities, such as figures, records, stamps, and magazine editions.
The Power of Nostalgia
The following items have unexpectedly higher values than you may imagine:
- What vintage toys do you have in your loft? Furbys, Barbies, Sylvanians, etc. Toys from the 1980s and 1990s are highly sought after and frequently sell for a respectable price.
- Retro video games and consoles; remember the Mega Drive? Despite being rebuilt, the original consoles are still in demand. Similar to other games and systems from the 1990s, some games draw a tidy few.
- The fashion industry cycles every 25 years or so. Fashion from the 1970s and 1990s is currently making a comeback. On retro websites, original vintage goods fetch high prices.
- Pokémon cards are profitable items to locate in the back of your cupboard, along with collectable cards and stickers. It is worthwhile to get your unique collectable cards and stickers evaluated.
Contact WillFinda on 01376 350976.
