I tend to buy stuff for my own enjoyment, and expect most will wind up in a dumpster when I'm gone. As long as it's not larger than say a 10 yard dumpster, then I'm ok with that. Once past 60 or so I'll start downsizing but I'm not sure I like the idea that all of my life, at the end, could fit into a suitcase, that somehow it had dwindled to that. I'm no Jack Reacher, hopefully at the end I'm still enjoying the various toys I have.
On death and dying and the aftermath
- Thread starter Ws6
- Start date
I have too much stuff. Tools, supplies, shop equipment, aircraft equipment. I asked my wife to hire a liquidation firm to deal with it. If she's gone first, I'll choose a firm and the money goes to relatives.
Our lawyer explained it like this: A "will" simply tells the probate your "wishes", but by law, your assets become the property of your heirs. Your spouse is not your heir - and is entitled to only half. This happened to our neighbor when his wife passed and her children forced an estate liquidation when they legally came in for their half. Even spouse's siblings can do the same.
A "trust" is what is needed to fully ensure that your wishes are carried out - but having a TOD, POD, or beneficiary takes precedent. over a will or a trust.
A "trust" is what is needed to fully ensure that your wishes are carried out - but having a TOD, POD, or beneficiary takes precedent. over a will or a trust.
One of my major hobbies is amateur radio. The equipment is not cheap, but is only of interest to other radio enthusiasts. Operators become "silent keys" and their estate administrators often have a headache getting rid of the stuff.
I am donating my equipment to a local amateur radio club for it to auction off, and keep the proceeds to finance club activities.
That's a good point--I dabble with ham radio too (all my radios are old though, and not valuable), but my other hobby is electronics, and while the value is not high, the disposal fees might be. Still, not big money, so just donating would probably deal with it reasonable well.
WD5FSE/N0HBZ here. Let my license expire years ago. I was quite active early on. When I was at my first tech school in the USAF and stationed at Lowry, I had an HF rig in my dorm room with a long wire stretched high above a courtyard from my window across to another. Used it like that for six months. Zero complaints.
LOL nobody is going to want my old Heathkit gear.
KA0VZD
KA0VZD
Does it chirp each keystroke on CW?
Fancy electronic stuff! I think my straight key was a J47 and I also had a Vibroplex bug. /hijack-thread
If you have POA for someone, I learned with my dad (I was also his executor) that it is easier to get rid of things like cars before they pass away. Then it becomes a simple sale and the money goes into one of the person's accounts. The same would be true of real estate. This makes the job of executor easier. I did these things when my dad was placed in a nursing home near the end of his life.
Never got into bugs. Have a Speed-X (J38 knockoff?) and there is a J37 floating around in here, somewhere.
I do have a BY-1 paddle but it just lets me send bad code faster than I can on a straight key.
Very true!
Was already taxed at purchase as well as annually.
I have a novel approach to the problem. It doesn't solve it, but it kicks the can far down the road.
I'm 73. Next year I plan on buying my mid life crisis Corvette. That should give me another 74 years or so. I just have to not kick the bucket before I find the car.
Actually, I've stalled too long and need to get a trust together. I was the executor for my parents trust and being able to administer it without probate was worth many times the legal expense they incurred putting it together.
I'm 73. Next year I plan on buying my mid life crisis Corvette. That should give me another 74 years or so. I just have to not kick the bucket before I find the car.
Actually, I've stalled too long and need to get a trust together. I was the executor for my parents trust and being able to administer it without probate was worth many times the legal expense they incurred putting it together.
Start shopping for the white New Balance shoes, white socks, and jorts, now. We picked up the mid-life crisis Corvette last year. So far I've got the socks and shoes, but haven't pulled the trigger on the jorts. Now I just need to develop a taste for coffee, and parking in a parking lot to talk with other owners.
Excellent suggestion, but my wife is 6 years younger and that's as far as I want to go. Any younger would make the undertaker work to hard trying to get the smile off of my face. She buys me very old single malt scotch so I'm going to have to spend my retirement checks on something else. Might as well be cars.
