#56 — Daniel Glazier: Appraisals & How to Avoid Family Conflict Over Your Estate
5/12/202634 min
Our guest this episode is Daniel Glazier — a Certified Personal Property Appraiser (CPPA) with more than 25 years in the designation. Daniel spent decades in the used furniture and antiques trade before moving into appraisals full-time and has now completed over 1,000 appraisal reports for families, executors, lawyers and financial institutions across Southern Ontario.
In this episode, Dave and Daniel dive into the often-overlooked world of personal property appraisals and why so many family fights after a death have nothing to do with money and everything to do with stuff. They cover the endowment effect, Daniel's "VHS system" for identifying the items most likely to cause conflict, how to resolve disputes over contested belongings and why making a plan ahead of time is one of the most important and overlooked parts of estate planning.
Whether you're working on your own estate plan, helping a parent downsize or settling an estate as an executor, this episode is packed with practical insights that could save your family real money and a lot of unnecessary conflict.
Show Notes
(00:00) Intro & Disclaimer
(01:44) Intro to Daniel Glazier
(03:42) Daniel's Origin Story: Used Furniture & Strip Joints
(06:06) The Endowment Effect & The Used Furniture Market
(07:53) The VHS System for Identifying Items That Could Cause Family Conflict
(11:16) Resolving Conflicts Over Contested Items by Selling Them
(13:26) Make a Plan Ahead of Time to Avoid Family Conflict
(16:15) The Research on Sentimental Items
(17:34) A Solution to the Wedding Ring Dilemma
(18:52) Handling Non-Monetary Heirlooms
(20:50) The Appraiser's Role in Estate Planning
(23:24) The $5,000 Lamp Nobody Noticed
(25:22) Will AI Replace Personal Property Appraisers?
(26:55) Getting the Appraiser Involved Early
(28:02) How Clients Find Daniel
(29:41) Why Sold Prices Beat Asking Prices
(31:10) Location & Charitable Auctions Skewing Values
(33:11) Conclusion
Clips
Transcript preview
First 90 secondsDave Chilton· Host0:00
[upbeat music] Hey, it's Dave Chilton, The Wealthy Barber and former dragon on Dragon's Den. Welcome to The Wealthy Barber Podcast, where we'll be hosting some of the top minds in the world of personal finance. Yes, that's to balance me out. The podcast is about making the subject not just easy to understand, but dare I say, even fun. Honest. Whether you're trying to fund your retirement, figure out how to build a down payment, save for your kids' education, manage debts, whatever, we'll be here to help you do it. Before we jump in, a quick but important note: nothing we discuss here should be taken as investment advice. We don't know you and your personal financial situation, so we're not here to tell you where specifically to put your investment dollars. We're here to educate, get you thinking, and we hope, entertain. But please do your own research and/or consult with your financial advisor before taking any action. Hey, it's Dave Chilton, The Wealthy Barber with The Wealthy Barber Podcast. Going to do a little bragging before we launch into it. Holy smokes, is the podcast hot. Who would've believed that a Canadian-only personal finance podcast is hot? But we're number two oftentimes on the Apple Business Podcast, the number one Canadian podcast. Everywhere I go, people come up and talk about the podcast. Not me, unfortunately, but the quality of the guests and how much they're learning listening to them. These really are strong episodes. In fact, it's interesting. I think all of this has turned out better than our highest expectations when we launched it, and it's