What's your estate plan ?

[bn2cardz]

This topic gave me lunch time conversation with my wife.

I asked her what she were to do with my stuff if I passed away. She looked around the room at the stuff that was on display and said

"I think I will keep it. I don't think I could sell it... not that I couldn't sell it, but I wouldn't be able to bring myself to do it. It is you and I know how much you enjoy it"

Then she asked what I would want done. I told her I really didn't care since I would be dead I wouldn't know what happened to it. I said at this point there is no way to know if my children would want it (5months and 20months old), if I died later in life and I knew their opinion then that may help in that decision.

After I told her how some people on here left names of auction houses and others she did say that if she didn't know what to do with some of it that she would go to my parents if they are still around and ask them since my Dad, though no longer a collector, did start me off in the collecting.

In the end it is up to my wife if it still is around when I am gone.

Thanks for the conversation starter.

[phikappapsi]

Originally Posted by bn2cardz

This topic gave me lunch time conversation with my wife.

I asked her what she were to do with my stuff if I passed away. She looked around the room at the stuff that was on display and said

"I think I will keep it. I don't think I could sell it... not that I couldn't sell it, but I wouldn't be able to bring myself to do it. It is you and I know how much you enjoy it"

Then she asked what I would want done. I told her I really didn't care since I would be dead I wouldn't know what happened to it. I said at this point there is no way to know if my children would want it (5months and 20months old), if I died later in life and I knew their opinion then that may help in that decision.

After I told her how some people on here left names of auction houses and others she did say that if she didn't know what to do with some of it that she would go to my parents if they are still around and ask them since my Dad, though no longer a collector, did start me off in the collecting.

In the end it is up to my wife if it still is around when I am gone.

Thanks for the conversation starter.

Glad to hear it made for a conversation.

I intend to be around a long time, but I think it's important to have a plan, especially since there arenso few people in everyday life that really would know what to do with a collection of cards. If it was a gold bar, or a classic car or a 401k an estate planner or lawyer would be helpful, but in thisninstance, I think it's critical for collectors to have their plan laid out, so nobody throws out or garage sales their loved ones $100,000 collection without any idea what they just did.

[rainier2004]

Maybe Im ignorant, no I definitely am ignorant, but do your families really not know that the cards are valuable? My wife doesnt know the prices but she knows theone's displayed are more valuable than the one's that arent. I guess it just surprises me how many folks thing their 100k collection would go into an estate sale for $12.43. I guess you guys are better at hiding the cc bill than I am.

[Leon]

I told my wife we are discussing estate planning with our collections on the board. She knows the collection is valuable vis a vis the rest of our assets. I said, God forbid something happens to me what would you do with it? She thought for a minute and said.....well, it used to be call Mastro but now it's call Scott (Brockelman) right? I said "Bingo"...

That is my estate planning.

[murcerfan]

I have detailed plans to be carefully entombed by my slabbed cards into a sort of polystyrene capsule, attached to a solid fuel rocket, and shot to the moon.... or Mars.

This way McKee won't get 'em and the NASA boys will have some work.

[ArchStanton]

I had the pleasure of visiting the home of an 82-year-old collector yesterday. He is starting to sell his stuff. He had displays and storage throughout his house. I can’t count how many times he would say, “I’m selling these.” When I asked for a price, he would say, “Well…not just yet.” I picked up a couple of items, but there is plenty more. I look forward to going back and talking. Maybe he’ll part with some more of his collection, maybe not.

[frankbmd]

Originally Posted by ArchStanton

I had the pleasure of visiting the home of an 82-year-old collector yesterday. He is starting to sell his stuff. He had displays and storage throughout his house. I can’t count how many times he would say, “I’m selling these.” When I asked for a price, he would say, “Well…not just yet.” I picked up a couple of items, but there is plenty more. I look forward to going back and talking. Maybe he’ll part with some more of his collection, maybe not.

I don't remember your visit, but I do seem to be missing a few things this morning.

[Exhibitman]

Originally Posted by ArchStanton

I had the pleasure of visiting the home of an 82-year-old collector yesterday. He is starting to sell his stuff. He had displays and storage throughout his house. I can’t count how many times he would say, “I’m selling these.” When I asked for a price, he would say, “Well…not just yet.” I picked up a couple of items, but there is plenty more. I look forward to going back and talking. Maybe he’ll part with some more of his collection, maybe not.

Great user ID, BTW. One of my favorite movies of all time, and source of one of my favorite lines:

Tuco: God is with us because he hates the Yanks too. HURRAH!
Blondie: God is not on our side because He hates idiots also.