"I'm going to have a Christie's auction," she told Spinner.com Monday. "(My house) is like a mausoleum. My daughter doesn't need to inherit a giant hefty bag" of flannel shirts.
Fourteen-year-old Frances Bean will inherit the one-time Nirvana frontman's sweater, a guitar and the lyrics to "Teen Spirit," Love said.
Friends have supported her idea, Love said.
"Everyone's been positive and behind me on it," she said. "We'll make a lot of money and give a bunch of it to charity."
2014: The Year in Music [PHOTOS]