Gold passes to heirs like other property, but only if they know it exists and where it is. Here is what an executor needs and how to prepare.
Short answer: physical gold is part of the estate and passes under the will or local inheritance rules, but heirs can only claim what they can find and identify. A clear list with locations, photos and proof of purchase is the most useful thing you can leave. This is general information, not legal advice.
Metal kept at home or in a safe deposit box is invisible to anyone who does not know about it. Many inheritances of gold are delayed, or lost, because nobody knew where it was or how to open the safe.
An executor can work out the melt value from weight and purity, and ask more than one dealer for a quote on collectible items. A written record of what you paid is useful as a reference.
Share your record with the one or two people who will need it, and update it when you buy or sell. See our guide to records your family can use, and the page on inherited gold inventory if you are on the receiving end.
Rules on wills, inheritance and tax differ by country. Speak to a qualified solicitor or adviser about your own situation.
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