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Post by crimsoncat05 on Nov 5, 2024 15:33:12 GMT
random-ish question, but my DH and I have had discussions about this lately, so thought I'd pose it as a discussion topic here. For ideas as well as for a distraction.
Here's the situation: My DH and I do not have kids. He is not in contact with any of his family, I don't talk to any of my extended family, and none of my siblings (I am the youngest, at 55) have children, either. And my DH and I have not written wills yet. I know, I know... but...
My DH and I have multiple dogs and cats, and we both have 'things' with some value- not much, but some. He has several bass guitars, several guns, I have some decently expensive pieces of jewelry (we're talking just a few thousand dollars, but still- engagement ring, sterling silver / turquoise jewelry, we both have nice watches, etc.) and I have beaucoup $$$ sunk into crafting supplies for my multiple hobbies: cross stitching (hand-dyed fabric and flosses, charts, tools, etc.), sewing / quilting (FABRIC, tools, etc.), and paper-crafting (PAPER, punches and other tools, stamps, inks, etc.)
Now to my question: what do we do in terms of estate planning to cover that stuff?? I have gone to estate sales where they're selling someone's belongings for pennies on the dollar, I've seen really expensive stuff end up at the thrift store... My DH has NO idea HOW MUCH $$ / worth there is in hand-dyed floss, fabric, etc. and I have NO idea what his guitars are worth, or his guns. I won't care about it, of course, since I'll be dead, but still- I'd like my things to end up with someone who would use and/or appreciate them, rather than at a Goodwill or in a landfill.
Is there anyone here in a similar situation, and what did you put into place to cover it?
{Also, a tangent: My DH thinks it's really weird that out of me and my siblings that none of the four of us us ended up having children. I don't think it's all that weird, but is it? separate discussion.}
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Rhondito
Pearl Clutcher
MississipPea
Posts: 4,853
Jun 25, 2014 19:33:19 GMT
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Post by Rhondito on Nov 5, 2024 15:47:42 GMT
Do either of you have friends who share your hobbies? If so, that's where I'd start; those are the people who would appreciate the items the most.
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Post by gillyp on Nov 5, 2024 15:48:52 GMT
Could an auction house take the valuable things and the money raised go to a charity of your choice if there’s no one you want to leave things to? That way someone who really wants the item and a charity benefits too. Or in the case of musical instruments do you have a musical college or similar which would be pleased to receive the items for students to learn on?
I know there is no way my craft items would recoup anywhere near what they cost so if family don’t want them I’m thinking of them going to the drop in centre for folk or the old peoples home.
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Post by MichyM on Nov 5, 2024 15:55:57 GMT
My BF gets most all of my hobby stuff with a second friend who gets my jewelry making supplies. They can do what they wish with the goods. That first friend also gets my 2 cats with a stipend to cover their care for the remainder of their lives.
Do you have friends with whom you could do something similarly?
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Post by crazy4scraps on Nov 5, 2024 15:55:58 GMT
If you have a friend or friends that you know would appreciate your crafty things, leave it to them in your will and/or tell your DH who specifically you would like them to go to. Same for him and his stuff. My BFF’s mom had a LOT of very nice crafting tools and supplies. As in A LOT a lot, to the tune of multiple thousands of dollars of stuff and she knew her DH had no clue what any of it was worth.
One of her greatest fears was that he would box it all up and dump it at Goodwill, so she told her DD and me that she put it in her will that we were the *only* ones who were to go through it all and decide what to do with it. We could keep anything we personally wanted, let the grandkids take anything they wanted after that, and BFF and I were to decide what to do with the rest. BFF was moving out of state so there wasn’t a lot she wanted to take with her but she sent literal carloads of stuff home with me, “just in case I ever might want to use it, I’ll know where it is.” 😳 There was a lot that I knew I would use, and I actually have been so glad to have it. There have been multiple situations pop up where I needed something specific, and there it was! Honestly, it’s been great.
My brother has a lot of musical equipment and he has told me that my kid can have whatever she wants and to go ahead and sell the rest. I told him he should make an itemized list of everything with a rough valuation for each item, not only for me but so he has it for insurance purposes.
ETA: A friend of DH’s had a sister who had never married or had kids. She was a big scrapbooker and had a ton of expensive Creative Memories stuff. He didn’t know what to do with any of it or what it was worth, and I told him a lot of those punches and tools were expensive so he should reach out to some of her friends to see if they would want it. He didn’t. Said he didn’t know who any of her crafty friends were. He boxed it all up and took it to Goodwill just to get rid of it quickly. 😫 What a waste.
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Post by airforcemomof1 on Nov 5, 2024 16:30:56 GMT
But what if the friends or relatives are the same age bracket as you? Do you think they would even want anything if you died at an older age?
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Post by crazy4scraps on Nov 5, 2024 16:34:29 GMT
But what if the friends or relatives are the same age bracket as you? Do you think they would even want anything if you died at an older age? If they still are actively doing the hobby or craft, why not? When I “inherited” the stuff from my BFF’s mom, I already had a lot of my own things. A lot of hers was nicer than what I already owned. So I took home her stuff, went through my own stuff and donated whatever of mine that her stuff replaced.
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Post by crimsoncat05 on Nov 5, 2024 17:34:32 GMT
But what if the friends or relatives are the same age bracket as you? Do you think they would even want anything if you died at an older age? good question! I'm not in a quilt guild or anything like that, so don't have any "person" I could designate. And there's not any 'guilds' for paper-crafting or cross-stitching like there are for quilting. There is a local-ish quilt guild I've visited a couple times, so maybe I could ask there? But yeah- there's not anyone around that's younger to ask / offer it to. Also, getting rid of someone's entire estate is a huge job... I saw that when my parents both passed away. And neither of us have anyone close enough who would agree to take that task on. I wonder if estate sale companies ever get contacted in advance? Maybe I could check with a couple of them for some information. And possibly I could contact a couple Sheltie breeders about the dogs, to ask if they have info on what other people may have done... I'm not planning on us passing away anytime soon, of course-- I would imagine there might come a time when we don't have any pets, but right now I can't see it.
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Post by katlady on Nov 5, 2024 17:56:05 GMT
We have no provision for our hobby stuff in our will/trust. While I would like my craft stuff to go to good use after I pass, I am sure most of it will be donated to Goodwill or trashed. If I get to the age where I have to stop crafting, hopefully I would have given it away to the right people/groups before I pass. I do worry about the dog, but I am sure one of the boys will step up and take care of him.
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wellway
Prolific Pea
Posts: 9,073
Jun 25, 2014 20:50:09 GMT
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Post by wellway on Nov 5, 2024 18:26:40 GMT
We put specific instructions in our earlier wills, many years later when we came to renew our wills, we didn't own half of the stuff. So in our latest wills we didn't put in any provision for specific stuff in our wills. Kept it as clear cut as possible.
If my stuff goes to a charity shop I'm going to assume it will be bought by someone who wants it and maybe can't afford new. I consider that a win, the buyer wins, the charity wins.
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quiltz
Drama Llama
Posts: 6,850
Location: CANADA
Jun 29, 2014 16:13:28 GMT
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Post by quiltz on Nov 5, 2024 18:41:50 GMT
Mennonite Central Committee (MCC) is a charity that has a very high rating for being fiscally responsible. They have Thrift Stores in Canada and USA.
They have Relief Sales where 100% of funds raised go to Disaster Relief (all around the world) and to helping people in need. They use fabric to make tied quilts to people who require warmth.
All of my craft items & any other household items will be donated to this charity.
My local Wellspring Cancer Wellness Centre has general crafting, quilting & yarn crafts that are for people who have been affected by cancer, the sick and the care-givers. They teach quilting and then sell the quilts in their store for fundraising. This is an excellent programme.
I have made a note on my will that these are the places where my stuff will be going to. I do a yearly clear-out of my craft stuff.
I really hope that nothing will be trashed.
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Post by Linda on Nov 5, 2024 18:42:47 GMT
I think it's helpful to leave directions if you know someone or someplace that would value specific items/groups of items. My mum asked that any of her books that my sister and I didn't want be donated to her library's friends of the library book stall and we did that - we donated several carloads - they came twice to pick up books with multiple cars each time.
If you're the one dealing with a family member's hobby and you don't have any guidence - there are estate sale agents who will sell for you on commission - I think ours was a 40-60 split after expenses. Did we make money there? no not much at all but they sold what they could and donated/trashed what was left and left the house empty and broom clean. Mum had loads of dishes, glasses, knick knacks, collectables etc... and after we took what we wanted and donated what we could, we had the estate sale people in to finish up.
Personally after cleaning out mum's house and previously helping clean out my granny's and my great aunt's houses -I'm working on downsizing so there is less for my kids to clean out in the future. Part of that is communicating with them - what they might want or not want and what is meaningful/valuable vs what is just stuff I like. I know you don't have kids but perhaps it would be helpful to have those conversations with your spouse as well as with whoever might end up helping clear out the house once you're both gone (or whoever would be helping the surviving spouse). I'm not saying get rid of stuff you love and use but perhaps reconsider how much to keep as you age.
Good luck
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Post by Linda on Nov 5, 2024 18:46:11 GMT
And possibly I could contact a couple Sheltie breeders about the dogs, to ask if they have info on what other people may have done... I'm not planning on us passing away anytime soon, of course-- I would imagine there might come a time when we don't have any pets, but right now I can't see it. I think it would be reasonable to leave money in your will for care of any surviving pets. I know dh and I have talked about the fact that our current cats maybe our last ones and if not, then we probably would adopt senior cats not kittens. We've had several cats live to 18-20 so at 54, we're conscious a cat adopted now might still be alive when we're in our early 70s and while both our mothers lived into their early 80s, neither of our dad's reached 65.
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kelly8875
Pearl Clutcher
Posts: 4,441
Location: Lost in my supplies...
Oct 26, 2014 17:02:56 GMT
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Post by kelly8875 on Nov 5, 2024 18:50:57 GMT
But what if the friends or relatives are the same age bracket as you? Do you think they would even want anything if you died at an older age? Even if they're the same age, they could help with the sale/disposal of it all. They would know better who to contact, where to go, etc. When my parents passed, my brother and I had an estate sale company help us. They knew specialty art dealers, auctioneers for my dad's guns, good furniture places, etc. They were very helpful in things we didn't know about. I would recommend someone like that for OP's DH's guns & guitars.
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