I should point out that the Revocable Living Trust as I have developed is
only applicable under U.S. law (thanks to Peter C. for having me remember
there are many members here not in the USA).
At some point I may look into creating similar trust documents for
collectors in other countries as applicable in various
nations/jurisdictions, but for now this product and service is intended for
United States citizens and residents only.
Sellam
On Tue, Jun 25, 2024 at 4:50 PM Sellam Abraham <sellam.ismail(a)gmail.com>
wrote:
I think this is an appropriate time for this
announcement.
Over the many years I've been collecting, there have been more than
several instances of a collector dying and their collection effectively
being cast to the wind because their surviving spouse or family members
have no idea what to do with their computer collection. We are all very
aware of this unfortunate phenomenon.
To that end, I've been developing a Revocable Living Trust (RLT) for
computer collectors. I've been working on this off and on for the past
many months, and though it isn't quite ready yet, this is a good
opportunity to announce my plans.
The advantages of a RLT are many for the computer collector, including
simplicity, and one's continued access to and enjoyment of their
collections while they are alive. It's a good start, but not a complete
solution, as the effectiveness of the RLT depends on the trustees one has
chosen to carry out their wishes once they've departed the mortal coil.
That's where what I'm developing comes into play: a multi-modal trustee
services corporation which one can name as (at least one of) their
trustee(s), which in the event of one's demise will immediately launch into
action to protect the trust assets (the computer collection) and distribute
it as per the trust indenture. And so much more.
The trust indenture itself will be cheap (a nominal $49 is my target
price) but I have yet to work out the execution and pricing for all the
other services that will be offered, which will include actually coming out
to the collection site to secure the collection and handle or assist in its
distribution.
This message is intended to be a feeler to gauge interest in the product.
To that end, if this is of interest to you, please contact me privately and
let me know. I can actually set you up with the trust documents right
away, as those are basically done at this point, which you can execute and
get notarized, etc. to at least have that protection in place. The
establishment of the trustee services corporation described above will take
a bit more time.
If I didn't myself fall ill within the last 9 months (heart attack, nearly
died, subsequent heart surgery) I would have already had this ready to go.
The irony of this all has not at all escaped me. Fortunately, my
collection is now covered for when it's my time to go.
How about you?
Sellam