Legal Question in Wills and Trusts in Illinois

Coin collection: cash or personal property in a will

Will states Person A receives ALL personal property. Goes on to exclude only cash, stocks, and bonds, which are to be liquidated and divided between persons A & B (90%=A,10%=B). Among the personal property are several collections, including a coin collection. All personal property located in residence. Coins kept in collection fashion (coin holders, and so on) as opposed to coffee cans full of coins, piggy banks, etc. No other relevant details. Should coin collection be ''treated'' as cash and liquidated or should it go to Person A as personal property? Thanks in advance for your help!


Asked on 6/19/09, 5:24 pm

1 Answer from Attorneys
Adam S. Tracy Securities Compliance Group Ltd

Re: Coin collection: cash or personal property in a will

Thank you for your question. Most likely, it should not include the coin collection. The coins are not necesarily within the definition of legal tender and therefore segregated. A careful reading of the will would help however. Please feel free to contact me via email: [email protected]

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Answered on 6/19/09, 5:37 pm


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