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And when I Die - tool disposal

Underdog

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Sep 24, 2007
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Location
Treasure Coast, Florida
I told my wife there is a lot of money in the garage and basement as far as tools go. If she decided to sell to get an auction company in. If I died now with 3 kids,her and a mortgage; that she'd need money even after insurance.

Exactly what I told the wife. We have a large well respected auction company in town. Told to call up the "next" day and and tell the boss to set up the auction. He gets a good following and good prices too.
 
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bobcatdan

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Jan 4, 2011
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Kaukauna,WI
I plan on being burried in a POD with all my stuff. I don't have kids yet (if you listen closely you can here my girlfriend's clock in the wind) so I have no idea what they would be like, but I would hope they wan them. If I choke on a big mac tomorrow, I'm guessing my tools would be pretty much looted. I don't see my girlfriend having any idea what I have, it's value or how to sell it properly.
 

Rickster

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Jun 26, 2005
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SE PA
Understand that professional mechanics who use these tools are the guys that will pay the good used tool prices. Unfortunately they are are all working during the day and don't have the down time to spend slogging from one estate sale to the next looking for tools. So a middleman steps in and buys them for less and sells them to pro mechanics. There's got to be a bit of profit there for the middleman so that he can continue to offer good deals on used tools to the pro mechanics.

If you hire a reputable estate sale company to sell off your tools you will still lose out. They will either price them to sell or they will price them too high and then discount them the second day. Either way they will go to the middleman at a price which is lower than what the pro mechanic will pay for the tools.

If you go to auction they will be divided up into lots and still sold to the middleman to resell for profit to the pro mechanics.

Honestly, the only way to beat the system and maximize your dollar return on tools is to sell them yourself on ebay as soon as you retire. Or make sure your wife or survivors are ebay savvy enough to sell off your tools piece by piece. Myself, I've told my boys to take what they need then allow a couple of my cousins & nephews to pick over what's remaining and then just sell off the rest however they want.
 

camarotoolman

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Mar 12, 2011
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cocoa Fl.
Strong case for: if you aren't using it get rid of it. After just cleaning up my parents stuff, I vote for just calling a reputable auction company. And fast so other family can't cherry pick the valuable stuff. I worked my *** of for week to yard sell thier stuff, left for 1 hour and the grand kids cleaned it out. Then when i got pissed, I was the *** hole! I'd sell the stuff while alive and spend the money on myself, kids will pawn the stuff, get tattoos, drugs, and drink up whats left.
 

BigAl62

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Apr 18, 2011
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2,286
Location
suburbs of Chicago
I have no kids, my niece and nephew have no interest, my wife's cousins (she is an only child) are like family and I DO NOT want her older cousin to have ANYTHING (he would just pawn it for money to buy drugs, alcohol, video games, etc. He's a 12 year old trapped in a 30 years old body!)! The only one who would even know what to do with them is my wife's younger cousin, she's actually pretty good with tools (she's going to school for industrial design) and I'd like her to have them (I've made this clear to my wife and in my will). If my buddy is still alive when I kick off, he'll help my wife with regards to my tools. He, too, is a mechanic and therefore knows what they're worth and I know he'll make sure the right person gets them (he knows my wife's cousin, too).
 

aussiek2000

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Dec 18, 2010
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not Australia
I'm 20, and my father is 49 and in the same line of work. So If something were to happen to either one of us, the other knows the value of the tools.
 

BD1

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Mar 18, 2007
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north side
Hi, not sure which member has posted this on his profile but it is something like , I hope my wife does't sell my tools for what I told her I paid for them. This goes for my toys too !!!!!!!!
 

metaldad

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Aug 2, 2011
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nw indiana
Big Al, you're close. I'll drive by with the pick up.
Good thread.......... just talked about this today with others. I guess documenting everything would be a good first step. Now, where do I start? The carage? the basement? the truck?
 

chumley360

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May 9, 2010
Messages
176
This is a though question for anything(not just tools), but I'm pretty sure I know what would happen. Between my wife, my parents, and a couple close friends most of my stuff would be given to poeple that could use them. I know my wife would keep the bulk of the wrenches, ratchets, and other hand tools, unless it just ended up being too painful, but as she works on cars and stuff too I really don't see her letting go of much. My parents would take a few things just for the memories. And the rest would probably be given to friends. Anything left after that would more than likely be sold or given away. I'd rather they get donated to a Vo-Tech program just cause that's how I am.
 

wmartin

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Jun 16, 2011
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1,645
It's a great thread generally.

I don't think about tools so much, but more about the larger picture. If a)there's no family to give the money to and b) your wife and you died at the same time, what is a reasonable thing to do with the fundage?

Personally, I think that 99% of non-profits are scams and any money given to schools is just swallowed up into the black hole of overpaid bureaucracy, so what's left? I was pricing how much pyramid you could buy for your grave for a million bucks or so, but it's hard to find a mason who would take it on.
 

stripped

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Nov 20, 2011
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145
Location
N.E. Ohio
My daughters and I have discussed this. They have both have expressed interest in keeping many of the tools that I have. Their husbands wouldn't have a need for a lot of tools since their interests aren't the same as mine. They're both great guys and would respect any agreement that I would have with my daughters. I also have a nephew who could possibly use some of my stuff. I've let them all know that if they don't want anything they can donate the stuff to a Voc School. That I haven't involved my wife is, because I'm sure that she will have a full plate with other details.
 

justafurnaceman

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Mar 7, 2011
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149
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Hanging out in VA for the time being...
If I die my wife said that she's going to post in the Classified:

32 yr old widow is looking for a hot young male. I was left with 2 Harleys, a full size Dodge, and a garage full of tools. The house is paid for plus a vacation home on the coast of Maine. Please mail your applications to: XXXX. Please include 3 references.



:lol_hitti
She's going to be all set if I die while still in the Army. Seriously, I told her to sell the big stuff to the guys in the shop or craigslist and keep the hand tools for our daughter to use when she gets bigger.
 

Tjc

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Oct 15, 2010
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where am i nj
I never plan on dying. But if i do, my brother and dad would get them. I want 2 things when I die, A towtruck parade funeral and for my tools to go to a good home.
 

JASTECH

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Oct 21, 2009
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Gering, NE
I want my son (5yr. now) to get my tools. My wife/his mother abandoned us almost 2 yrs ago, but now had me served for Divorce, Allmymoney, child support and house/land. I was granted temp. full custody. Now she/her Attourney is fileing for everything again before the 6 months are over and all is final. So will need to wait before I get anything else done as this is one big fight now. I had a lot of snappys stolen and full Mac set. So I still need many tools yet and make a insurance list as mentioned above to use for Will too.
 

Hootbro

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Dec 8, 2011
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Delaware
I have settled 3 family estates and all with extensive quality tool collection.

Unless you got week to months of time looking to get top dollar for everything, then moving those items for 10 cents on the dollar is the way to go.

Nothing drags down getting an estate settled by bickering over who is screwing who when trying to get rid of the stuff and get other intangibles settled from these sales proceeds.
 

srmofo

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Oct 15, 2009
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Location
SW ohio
I worked with a tech for some time who died unexpectedly. He only had one sister alive and she lived in Florida. She came up and we helped her go through his box so she could get some personal belongings from it.

She didn't want anything to do with the box. I tried offering her money for them and she told me "no". She really wanted nothing to do with them. It was strange. So me and another guy split up the contents and paid off his balance to the MAC man. To this day neither of us has sold 1 piece from his collection. No intention to either.

Although within a few days of the guy passing away, his former employer had the nerve to show up at our shop and demand the box, so he could put it in "safe storage" until his family arrived from out of town. He was almost insinuating that me and the other guys were thieves, when it was obvious what his intentions were. That box sat undisturbed for several weeks while he was sick and for another week after his death until his sister told us to keep the tools.


Ive told my wife to give mine to a close friend in exchange for help whenever she needed it whether it be with the car or fixing something up around the house. Or if she needs the money get with him and sell them. No kids yet but I would love to pass some stuff down.
 

Mstrfxit12

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Sep 17, 2009
Messages
155
Location
Mass.
Can you get to the tap to switch it off for them? Might save them a lot of money in the long run?

I actually did shut it off with his bother as best we could but my guess is that it hadnt been shut in along time. We werent able to get it completely closed and since it was Sunday and not a Water Dept work day we werent going to risk breaking it.

To Contactme, not in agawam, in eastern mass.
 

byoungblood

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Apr 6, 2011
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Location
Berryville, VA
When my Dad's Father passed away about 3.5 years ago, his sons and grandkids got first grabs at whatever we wanted, then the rest was sold off in a garage sale or on Craigslist.

He had so many shop tools and hand tools that all of us walked away with about everything we could possibly need (and some stuff I still haven't used!) and still had a ton of stuff to sell afterwards.

My dad is in the process of trying to downsize his tools right now, he and my mother are going to sell the house after they retire and hit the road with their Airstream for a couple of years, then probably rent or buy a condo somewhere. They don't want to put anything but maybe a few piece of furniture into storage, so I've been told to come down in the next few months and go through his tools and get what I want.

I guess I'll probably do the same with my son and his kids when the time comes. I'm not going to be one of these "don't sell anything" types, because you just never know what your kids/grandkids interests or personal situations will be at the time.
 
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ozyborn

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Apr 26, 2011
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I do not own any tools. Everything in the garage belongs to my 2 boys. I just store and use them. My dad was the same way with me.
 

Jhoff310

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Jan 2, 2012
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876
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Perrysburg Ohio
I just went thru this with my dad who passed unexpectedly. He always told me growing up "if something happens to me get someone in here who knows what this stuff is" Luckily I had developed the hobby/ interest in wrenching on things and knew most of what dad had. Dad started working with a crane maker in the 70's and took a job with the city in the 80's and worked there until he retired in 2004. Dad all sorts of tools, air compressors, welders, torches, drill press, lathes, calipers, micrometers, machinists jacks, and every hand tool under the sun. Long story short bro and i divided up what we wanted and had dad's best friend come in and see if he wanted any and give us a ballpark value of what was left. His value and mine were pretty darn close, getting ready to start liquidating.

As far as I am concerned, I have told my wife my son gets what he wants and then my close friends get to choose if they want something, as a remembrance. Then everything else is to be sold. I have given my wife and son a fair market value of my tools so they have some sort of idea what its worth.

Jeff
 

crewchief888

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Dec 3, 2009
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Location
NW indiana
being on the "downhill" side of life, i've had this discussion with the wife a couple times.
her kids have no interest at all in heavy wrenching, or fabricating, things like DIY homeowner tools , they'd be welcome to take.
i have one set of boxes that i would like to be offered to an old friend, and a couple other things offered to another old friend that dont have much in the way of tools.
the rest of my tools and equipment can be auctioned off.

2 guns that i'd want an older cousin to have, (if he's still around), just cuz they belonged to my dad, competition guns & reloading eq can be auctioned off.
if she didnt want to keep it, sell or auction my harley, and part out my off road truck.

:beer:
 

Zebu Fellenz

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Aug 3, 2010
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Phelps, NY
I've made it clear that if something happens to me my tools go to my youngest brother, my boats go to my dad, my old truck goes to my mom, the rest of my material possessions will be sold with the proceeds given to a close friend of mine.

The money in the bank, well ...they can fight over it, I don't much care what happens to it.
 

toolfreak

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Jan 8, 2006
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1,273
Location
Illinois
I have told my wife that if she needs money that she can sell them and if she doesn't that she can give them to my brother in law.
 

dwwright

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Aug 6, 2010
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25
Location
KCMO
It will be a "Betty's got a bass boat" scenario for my wife. She can use them to get another handy man.

Seriously, she knows to let my son and nephews have their picks. Many tools were my dads, so each deserve some, rest can be sold or donated... if any are left. She won't need them when she sells the place and moves to a condo.

Darren
 

L5wolvesf

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Dec 4, 2011
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Northern AZ
And when I’m gone . . .

But first, the following can also apply while you are still alive. As a record/proof for an insurance claim. Think, fire, tornado/hurricane, theft, etc. Yes, I’m sure those things will never happen to you because you are perfect (as every other deceased human that ever lived).

I deal with these kind of situations semi-regularly. So, for those of you who have some positive feelings for the people who follow them in life, read on.

First, you can tell your wife/dog/brother etc. etc. all you want, but if it is not in writing it don’t mean . . . So, create a list of valuable tools and equipment with a minimum of; brand, model number, description, and value. This is very simply done on an Excel spreadsheet. The spreadsheet can be an Exhibit to your will, trust or insurance policy. Receipts are a good thing to keep as back up to the spreadsheet data. For used tool see if you can find the item on the net somewhere and print out that. As someone here mentioned pictures are a good idea too. Keep those in your safe or safe deposit box. If you keep them in the house/garage they burn down with the garage tools and equipment. If you want specific items to go to specific people place that on the spreadsheet.

For the rest of you your final destination may already be determined (you won’t need a parka). And I may be the one who ends up dispersing your tools for the family you screwed over.

To carry on, to carry on . . .

L
 

ffemtdisp

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Nov 2, 2011
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188
Location
PA
As as aside, consider planning for long term nursing care. My parents didnt, and consequently, when my mother passes, I will have to sell off her residence, and posessions, including my father's, to settle the cost of the state covering his nursing home care before he died. I am the only living child, and I'm OK with this. He received a lot of quality care, that cost a lot of money, more than what they will get back from the estate recovery.

I could BUY the house and items for FAIR MARKET VALUE, but she cannot give them to me, according to the laws of my state.

They "look back" 5+ years on transfers when you apply for benefits.

My advice is find a reputable estate planner/attorney and work these things out.

One man I know transferred ownership of his house to his kids 20 years ago with an ironclad contract that he could remain there for as long as he cared to......
 

samthedog

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Jan 25, 2012
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95
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Norway
I know i am new to the forum but I have a horror story that will motivate some thought on the subject.

I purchased a milling machine from an old bloke with failing health. I paid a fair price for it and bought some other items too. I offered some money for a tool sharpener which he refused (again, a fair price but he thought he would use it). Anyway, I thought to ring him a week ago and see how he was going. His health took a turn for the worse and he was forced into a home with permanent medical care. the police ordered him to tidy up his residence as he had a large workshop. In a panic, he asked his "friends" for help. They took everything not able to be bolted down as a favour to him. Machines worth $5k they walked off with, not paying a dime.

I asked him how many had visited him since he was hospitalized. He answered, "not one". Don't count on people doing the right thing unless it's a friend you could bet your life on. This poor old chap was ripped off then left to die alone. If nothing else, I can sleep easy at nights knowing I did everything above board and fairly.

Paul.
 

cabranch47

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Jun 8, 2011
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103
Location
Louisiana
This thread hits home for me. I recently went to a garage sale, selling tools from an estate. I returned very depressed to see what they sold for practiaclly nothing. They had a local store owner running it and he had no idea of values nor did he care. I am the family handyman, collecting tools for the last 40+ years. Eveything from welding to woodworking. My son and I spent much time in our shop repairing anything that needed it. Four years ago I lost my son, who had the same interest as I did about building/fixing things. There is no one in my family left that cares about working with their hands. In my will I am giving my wife and step son 30 days to take/mark what they want out of my workshop. There will be no garage sales. After the 30 days I have named several friends that may have anything that they want, as they have my same interests. It is my hope that when they are finished, there will be nothing left. I would rather give my tools away than sell them for pennies on the dollar. They mean more to me than that, and I am sure that the people that I leave them to will appreciate them as I have. Just my .02 worth.
 
Joined
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Now Leaving , NJ
As as aside, consider planning for long term nursing care. My parents didnt, and consequently, when my mother passes, I will have to sell off her residence, and posessions, including my father's, to settle the cost of the state covering his nursing home care before he died. I am the only living child, and I'm OK with this. He received a lot of quality care, that cost a lot of money, more than what they will get back from the estate recovery.

I could BUY the house and items for FAIR MARKET VALUE, but she cannot give them to me, according to the laws of my state.

They "look back" 5+ years on transfers when you apply for benefits.

My advice is find a reputable estate planner/attorney and work these things out.

One man I know transferred ownership of his house to his kids 20 years ago with an ironclad contract that he could remain there for as long as he cared to......

yes , because we know that medicaid can pay her bills while the family gets the loot
 

B17E1943

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May 29, 2010
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754
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Far Northern Kommifornia
I know i am new to the forum but I have a horror story that will motivate some thought on the subject.

I purchased a milling machine from an old bloke with failing health. I paid a fair price for it and bought some other items too. I offered some money for a tool sharpener which he refused (again, a fair price but he thought he would use it). Anyway, I thought to ring him a week ago and see how he was going. His health took a turn for the worse and he was forced into a home with permanent medical care. the police ordered him to tidy up his residence as he had a large workshop. In a panic, he asked his "friends" for help. They took everything not able to be bolted down as a favour to him. Machines worth $5k they walked off with, not paying a dime.

I asked him how many had visited him since he was hospitalized. He answered, "not one". Don't count on people doing the right thing unless it's a friend you could bet your life on. This poor old chap was ripped off then left to die alone. If nothing else, I can sleep easy at nights knowing I did everything above board and fairly.

Paul.

How very sad. :( :mad: So-called "humans" really make me sick sometimes.

And what's with the "police" ordering him to "tidy up his residence"? :headscrat What if he didn't? Would "the state" seize his property and belongings? Is that the way things are in Norway?
 

Penny88

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Jan 2, 2012
Messages
26
Location
California
I think this topic is very sensitive and every tool guy thinks about it from time to time. Unfortunatly I don't have a son or alot of relatives who would be intrested in my tools. If there was one thing I could take with me when I'm gone GOD let it be my tools.....
 

frostys

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Jan 23, 2012
Messages
28
Location
New Freedom PA
Tools are like everything else. My father-in-law just passed away and the estate auction didn't bring a lot. So here's what I'm planning to do:

In every toolbox, put a note on what it's worth. Same with the guitars, same with the amps, same with anything of any value.

Anything you intend to pass on, put it in a will. I was fortunate enough that my wife was the executrix and my father-in-law was a repairman, so I could put together two really good toolboxes for my sons. If I hadn't been there, it all would have gone to auction for nothing.
 

samthedog

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Jan 25, 2012
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95
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Norway
How very sad. :( :mad: So-called "humans" really make me sick sometimes.

And what's with the "police" ordering him to "tidy up his residence"? :headscrat What if he didn't? Would "the state" seize his property and belongings? Is that the way things are in Norway?

To be fair it was untidy and they had been on him for a while to tidy it up. Regardless though, I thought his friends could have been kinder to the poor bloke. He had a stroke several years ago and was brain damaged so it was really cheap and nasty of them. That is why I stress not to rely on friends in this situation. Value the equipment and let your loved ones know where and who to sell it to so they get the best price. I have made sure I have no large debts so if I go, my family won't have to franticly pawn my things to make ends meet.

Paul.
 

2oolhound

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Dec 18, 2010
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BC Canada
This is not aimed at the OP or anyone in particular, just my feelings on the subject.

Only you are the most qualified to disperse of your tools so go and take a bunch of your tools right now, photograph them and list them with proper descriptions right here in classified or ebay or cl. After you've dealt with all the tire kickers, chiselers (resellers), petty thieves, winers and looky loos and made all the sales and have got em all packed and shipped, sit back and think about what is going to be involved in dealing with all the rest of em. You'll find it's too time consuming and it will take ages. If you hire an executor to do it, it will barely pay for his time to disperse of them all. So if you don't have the time or it's not affordable to hire a professional then at your estate sale someone else has to do this for you. They'll have even less time to put into it as you would have and they may be hurtin from their loss so they want this part done and over with as fast as possible. That's why there's deals at estate sales.

Best is to will them to friends and family. In the mean time stop worrying about it and enjoy them. In your last moments if this is what's on your mind your life was a waste and you're a hoarder. Material things won't matter too much in the end. Hopefully they will find their way into good hands and be equally appreciated once again.

I have no family or friends lined up for many of my possessions so I see a great estate sale in the future in my area but I'm not going to worry about it. I'm going to enjoy tinkering with everything while keeping a sharp eye out for that special tool to acquire at the next garage sale or cl listing that I'm lucky enough to be 1st in line for. The cycle continues.
 

nit2wn

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Joined
May 8, 2011
Messages
911
Location
Centreville,Al.
It's a running joke with the wife and close friends of what to do with my trucks [3] and other toys. Never really thought about the tools and we have no kids. No nephews or nieces that would remotely appreciate them. I guess whoever takes my place will get a decent set of tools and 3 very nice trucks. My only request was I want to be taken to the graveyard in the Lightning if it's a dry day, or the F250 if it's wet.[4x4] My dd is to do nothing less than lay out and pass the police ****** leaving them in the dust and prop me up behind the wheel for one more whirl. I given them hard times for years, don't want them to think I'm getting soft before I'm covered up. In all seriousness though, I guess one of my buds will end of with them and my F250 as he's wanted it for years.
 

Charles (in GA)

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Jan 11, 2006
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Location
50 mi south of Atlanta
One man I know transferred ownership of his house to his kids 20 years ago with an ironclad contract that he could remain there for as long as he cared to......

Basically a Life Estate. Where, as long as you are alive, and living on the property, it is your right to stay there, and pay the taxes. After you die, the owner of the property gets to take possession of the real property.

Charles
 
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