Weekend experience

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earlgo
Posts: 1432
Joined: Sat Jan 29, 2011 11:38 am
Location: NE Ohio

Weekend experience

Post by earlgo » Sun Jun 03, 2018 8:08 am

Friends and I spent hours last weekend and this weekend helping a friend itemize and get stuff ready for a garage sale of his accumulated 'inventory'. He is moving out of state to live with his son and family. I have been over-stressed ever since. Selling personal items is tough even when it is someone else's. I have a feeling that I am going to react poorly when it comes time to eliminate my 45 years of 'inventory': lathe, mill, T&C grinder, drill presses, grinders, hand tools, materials, etc. My grown children live elsewhere, and most likely won't want to spend a month away from their homes doing this. None of them are interested in any of this stuff.
When I started accumulating this no-one said, "Hey wait, you are going to have to get rid of it later." I wish they had.

I am sure some will suggest e-bay or craig's list, but parting out stuff a chunk at a time may be equally stressful to flushing the whole mess. Are there any suggestions as to how to handle this?
--earlgo
Before you do anything, you must do something else first. - Washington's principle.

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NP317
Posts: 1865
Joined: Tue Jun 24, 2014 2:57 pm
Location: Northern Oregon

Re: Weekend experience

Post by NP317 » Sun Jun 03, 2018 10:24 am

Since I've been feeling my mortality after 2017's two attempts to kill my Wife and I (WE won), I've had discussions with our two sons and their Significant Others.
The older Son's wife is an employed Mechanical Engineer who LOVES my new shop. Her job has her designing AND fabricating things, so she's pretty handy operating lathes, mills, 3D printers, water-jet cutting machines, CNC machines, etc. She's got THOSE brains and LOVES the fabricating work.

So we told The Kids they get this whole place when we're gone, and they can figure out how to divide it up.
Our Daughter-in-law has already claimed the new garage shop as hers. Suits us all nicely.
There's room for all of them to live here, each with their own floor in the main house, and they are all close enough Friends to do just that.

It will be interesting so see where they all end up un life. We just offer them an opportunity.
~RN

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10KPete
Posts: 391
Joined: Wed Sep 30, 2015 5:29 pm
Location: Nordland, WA, USA

Re: Weekend experience

Post by 10KPete » Sun Jun 03, 2018 1:01 pm

You are very fortunate, Russ, having someone to turn it over to. I have no one to pass the shop to so I guess I'll either have to clear it out myself before I go or leave it to the pickers.....

Pete
Just tryin'

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steamin10
Posts: 6712
Joined: Sun Jun 08, 2003 11:52 pm
Location: NW Indiana. Close to Lake Michigan S. tip

Re: Weekend experience

Post by steamin10 » Sun Jun 03, 2018 10:27 pm

Earlgo: One answer is of course to ignore all signs and desires, and live YOUR life until that final day. It avoids all the worry for you. Of course family fueds have lasted for years with hard feeling over plates and sentimental stuff. Ask me how I know. When it comes to machine tools it is a different cat. Not everybody has the desire to own a punch press or large lathe or have a use for one. I have become extremely protective of my collected things for projects undone, and raw materials. Especially the hand tools that are being sniped by common thieves because I have duplicates. Just today, I bought a ridge 14 inch pipe wrench for $6 at the flea market, because mine is missing agian.

Anybody with a relation that has the ability to use big equipment without thinking of its market value on the hobby list I think is fortunate indeed. A common backyard wrench guy is way short of being a constructor, dreamer, and machinist.
Big Dave, former Millwright, Electrician, Environmental conditioning, and back yard Fixxit guy. Now retired, persuing boats, trains, and broken relics.
We have enough youth, how about a fountain of Smart. My computer beat me at chess, but not kickboxing
It is not getting caught in the rain, its learning to dance in it. People saying good morning, should have to prove it.

curtis cutter
Posts: 399
Joined: Fri May 18, 2012 11:46 pm
Location: Curtis, WA

Re: Weekend experience

Post by curtis cutter » Sun Jun 03, 2018 10:50 pm

This has been a conversation around our house as well.

How do you divide by four kids two homes on four pieces of property with barns and farm equipment and tools and tractors and dump trucks and .......
Gregg
Just let go of it, it will eventually unplug itself.

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steamin10
Posts: 6712
Joined: Sun Jun 08, 2003 11:52 pm
Location: NW Indiana. Close to Lake Michigan S. tip

Re: Weekend experience

Post by steamin10 » Mon Jun 04, 2018 7:42 pm

Lottery.
By contribution to the wealth.
Make equal pots and put their names on them. This is what it is...
It is perfectly legal to arrange your affairs to avoid excessive tax. be smart and get advice from those that deal with estates all the time.
Avoid the penalties.

My father-in-law had paid up property that he sold, and then gave the funds to each child. Doing so made him liable for tax on income. instead of just putting their names on the property with rights to survivor. It cost them.
Titled property and vehicles are tracked. Household and collections are not that well. personal itmes should be described and photoes for the time when and if any question arises. Many things can be gifted without penalty. BUT, reduce the intent to paper and add evidence.

A simple letter sent in the mail with your list wil have a post mark on it, and place it in your file wiohout opening the mailed copy. This can become an official copy.
Big Dave, former Millwright, Electrician, Environmental conditioning, and back yard Fixxit guy. Now retired, persuing boats, trains, and broken relics.
We have enough youth, how about a fountain of Smart. My computer beat me at chess, but not kickboxing
It is not getting caught in the rain, its learning to dance in it. People saying good morning, should have to prove it.

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