Getting ready to downsize......

Dick2

Well-known Member
When I'm gone, my tools are to go to my grand-nephew on the farm 1800 miles away. My oncologist doesn't want me to even get a scratch, which makes even the possibility of using tools risky for me. So I'm thinking, why not give the grand-nephew the tools now. There is a family member who will haul them the 1800 miles for no charge in a couple months. He says this will be his last year to drive; after that he'll fly back and forth. Guess I'll start packing up tools. My backup will be a good auto shop 3 miles away, plus AAA if needed. Age and health changes things.
 
sounds like a good plan at least you know for sure he will get them you know what happens sometimes after someone passes away a certain family member makes a big stink about how he should have them or wants to sell them for the money.
RICK
 
hey DICK, an older brother, hang in there!

When your relation shows up the next time, think dis:

I will that YOU only pay $1.00 for the lot. Give the person a "bill of sale" to send back to YOU, first.

Otherwise, family confrontations may arrise.

Also, make sure no customer's stuff is left in your shop.

John, PA executior to too many of brother's estates.

BOX LOTS only bring $1.00 at public auctions.
 
Dick,

I think it great you are giving tools to people you want to have them, instead of looking up from the grave and watching family fight over your estate. Things always seem to get ugly when money is involved.

I'm 68 and still in good health. I too am giving things to my kids and grand kids. Let them enjoy them while I'm still alive. I've collected tools all my life and have more than I can ever use and more than will fit in my kid's garages.

I would like to see my kids have my collection of toys in the basement. I gave my grand daughter my brown top foosball. My SIL has his eye on my Rockola juke.

I fell it time to downsize too.
geo
 
No squabbling with my stuff. I outlined who of the siblings gets what, almost down to the wrench and why. Also said that any contesters get booted from the will, so shut up, sit down and take what you get or don't get. I told the recipient of the farm and all that he was getting it and as soon as he found out I was dead to get over here and lock it all up to keep the looters out. Will was professionally prepared.
 
So often, as soon as the person is gone a relative living close or even a neighbor will come in and lift anything and everything. Even if they have no use for things. I have seen it happen from the one you would least expect to do it. I like your decision to get the tools to him before they start walking off on their own. And it gives the receiver the opportunity to show their appreciation to you personally. If the items are left in a will, taxes and legal squabbles can get involved. Sell them for $1 and other considerations, with a bill of sale. That way, everything is purchased and belongs to the new owner.

But I hope you have more time to enjoy the creation around us.
 
Dick, you should think about the look-back laws and how they are enforced in your area. If you end up in an elder care facility and run out of money they may be looking for the value of those wrenches if significant if you gifted them in the last x years. Under valued is also considered a gift to the degree they are undervalued.

Otherwise I applaud your idea.

Good Luck. Paul
 
Sorry to hear your parents don't want you anymore. Or is it your wife that put you up for adoption?

I would love to see one of my kids get my Farmall C. However neither live in the country. Someday I'll have to find a good country home for it the 67 year old girl.
 
WELL.......lots of times the relative does NOT know how to use the tool. Nor do they have the qualified help with this dilemma.

Example..........aircraft cable splicing tools, cylinder boring equipment for most sizes of cylinder regardless of machinery, etc. etc.

Depending on the TRADES, these days, a lot of tools that may generally be appreciated, later simply go by the wayside.

GOOD LUCK! John,PA
 
Brave thing to do. My father of 83 gave me his tools 2 years ago. He has leukemia. My cousin is a lawyer who is stepping in to handle executor duties in the end. No bickering. Good thing because my only male sibling and I are on terms like a rat and a cat.
 

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