14 Jan
2010
14 Jan
'10
1:30 a.m.
A question I have asked on this list at least a couple
of times,
but have not asked in at least five years:
How many serious collectors here have a will in place that takes
care of their collection?
Previous years have been zero - lets see if we can get at least three?
I do.
A detailed note in your wife's or kid's or
friends' possession
DOES NOT COUNT. Why? Because that plan fails far too often. WAY
too often.
Real wills only, please. Everything else will be ignored.
I don't see whether it's a "real will" as mattering that much.
Just this year, two of the three folks mentioned in my will
made noises about giving up (selling off) their collections,
and the third publicly stated a lack of interest in acquiring
more machines.
So I suspect that if (when) I die suddenly, my wife will have
just as hard a time getting rid of the machines as if I had
just given her a not-quite-as-legal document telling her what
I wanted done. There's still a real disconnect between plan
and implementation, especially a few years down the road.
Better to have some kind of plan than none, though.
Vince