[AT] Tractors and family

[Spencer Yost]

Having been the executor of an estate that had a few valuable things, I can just tell you it's easier to have everyone bid on the valuable stuff, and then have them "pay" on settlement day.   As you might suspect, they usually don't have to pay anything - it just affects distribution totals.

Makes valuing the item easy, fair and transparent.  My only stint as an executor went beautifully and I credit this system.   No one can whine about not getting grandpa's tractor.   They had a shot at it.  As Dave said. The one that wanted it most got it.

A lesson I learned is if you want a specific person to get something, you have to spell it out.   No one will stand for an executor just passing out stuff because of verbal instructions that might be years old.   I can promise your words die with you.   Put it in writing .


Spencer 

Sent from my iPhone

> On Oct 12, 2014, at 11:33, David Rotigel <rotigel at me.com> wrote:
> 
> The ones that were interested MOST now have the tractors. The others have whatever money the government let them have after taking what DEMOCRATS believe is necessary for income redistribution!
>    Dave
> 
>> On Oct 12, 2014, at 10:52 AM, Joe Hazewinkel <jahaze at aol.com> wrote:
>> 
>> 
>> If you had one child/grandchild who showed an interest in your stuff, wouldn't you want them to just have it?
>> 
>> Enjoy, Joe
>> 
>> Sent via mobile device
>> 
>> On Oct 12, 2014, at 10:36 AM, David Rotigel <rotigel at me.com> wrote:
>> 
>> Money is deceiving Joe. 250K may me a lot of money to you . For many people it's NOT all that much. Perhaps the guy had 26 grandkids. How do you make that kind of "split" equal?
>>  Dave
>> 
>>> On Oct 12, 2014, at 9:52 AM, Joe Hazewinkel <jahaze at aol.com> wrote:
>>> 
>>> I went to an auction yesterday with quite a collection of tractor, old engines etc.  Before I get to my question, I thought it was neat that the first tractor they sold was an Aultman Taylor 30-60 in mint original condition.  He was the second owner, and the buyer was the grandson of the first owner (paid $130,000).
>>> 
>>> Anyway, it was apparent that several of the tractors were bought by the sellers grand children.  They ended up paying a pretty high price for most of them.  Here's my question, if your grandkids (or kids) were that interested in your tractors, why wouldn't you just give them to them instead of making them pay for them after your gone?
>>> 
>>> It can't be just about the money, from the appearance of the place, they had enough, and made $250,000 from the sale of just the first five tractors.
>>> 
>>> Enjoy, Joe
>>> 
>>> Sent via mobile device
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