Archie Cheda
Stainless
- Joined
- Dec 25, 2007
- Location
- San Luis Obispo, CA
This thread started with the following discussion in another thread:
Originally Posted by reggie_obe
Likely as not, when the hoarder dies, becomes mentally or physically incapacitated, few, if any of us will ever hear about it. That "collection" will be liquidated (disposed of) by well meaning heirs or other holders of the power of attorney by the simplest and most expedient manner possible.
Originally Posted by thermite
Fair comment. But as most are not 'in the trade', the probability is that Grandpa's 'treasure' will be initially overvalued, and eventually find its way into the hands of a new conservator is still greater than at the time of the reconfiguring or shutting-down of a revenue shop where the scrapper is already 'in the channel'.
Originally Posted by reggie_obe
A few well written lines in a will or power of attorney can prevent this from happening. How many of us completely fair in this regard? I know that I haven't failed to plan.
Originally Posted by thermite
Sound advice. And as much for the benefit of survivors who may have far too much on their plate already as it may be for finding the machinery a new home. - Bill
Originally Posted by reggie_obe
Likely as not, when the hoarder dies, becomes mentally or physically incapacitated, few, if any of us will ever hear about it. That "collection" will be liquidated (disposed of) by well meaning heirs or other holders of the power of attorney by the simplest and most expedient manner possible.
Originally Posted by thermite
Fair comment. But as most are not 'in the trade', the probability is that Grandpa's 'treasure' will be initially overvalued, and eventually find its way into the hands of a new conservator is still greater than at the time of the reconfiguring or shutting-down of a revenue shop where the scrapper is already 'in the channel'.
Originally Posted by reggie_obe
A few well written lines in a will or power of attorney can prevent this from happening. How many of us completely fair in this regard? I know that I haven't failed to plan.
Originally Posted by thermite
Sound advice. And as much for the benefit of survivors who may have far too much on their plate already as it may be for finding the machinery a new home. - Bill