Guns and Stuff(estates)

clarecountyreview.com ^ | 1 June, 2012 | NA

[Ditter]

LOL! I exaggerated the .......one of these days..... to let you know how hard it is to do but....how much... I know we needed to do it.

[T-Bird45]

And the #1 rule, never, ever, never-ever have more than one (1) personal representative (estate administrator), this creates more problems, power grabs, out of control issues than you can imagine.

QFT and wisdom -- BTDT with only one small blowup between my cousin and me but there were also some lingering resentments over some of the distributions in my uncle's will. The worst thing was it could have all been avoided with a trust (as I advocated and my cousin opposed) while saving about $30k for the estate. OTOH, the distribution of household "stuff" (as well as the house itself) was well-handled because we had agreed very early on that there would be an auction where family members could be bidders to buy what they desired. The money was coming back to them anyway. Few showed up...I was mildly surprised.

[sarge83]

I have mine listed as to who gets what and a spreadsheet for my wife giving her cost of the firearm and a fair market price. As posted most are not going to appreciate greatly in value, but certain models and makes will be worth more than I paid for them: Colts, especially revolvers and early automatics and WWII surplus rifles, Garands and Carbines. and those I noted for her. Most of my firearms will go to my children and some nephews.

[antisocial]

Bookmark

[PapaBear3625]

I plan ......... one of these days........... to invite my kids over to tell me what they want from the house, paintings, furniture, bric a brac............ Then I will put a sticker with a name, on the back of everything............. one of these days............

My mother-in-law is just distributing a lot of her stuff to her children ahead of time. Saves a lot of confusion, and reduces the clutter in her condo.

[PapaBear3625]

My Sis-In-Law’s elderly cousin, who had a modest collection of guns, died alone in another state - one in the northeast with very tight gun control. He left everything to her and she knew he had some nice guns - a .44 revolver, a 1911, etc.

This is one major reason why I will make sure that I distribute most of my collection of "stuff" to suitable recipients at the point where I am too old to appreciate the stuff.

[Tainan]

The banditos with the badges.