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Tractor Talk Discussion Forum

How do widows dispose of tractors in your Club ??

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Sam F.

07-17-2006 20:58:39




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After the husband has died and things are getting back to somewhat normal, how does a widow without a clue to what a tractor or parts are worth, dipose of all the goodies ?? Our club is just now investigating this very question. ANY input would be appreciated. REALLY, guys, have you ever thought about your beloved steel when you are gone being sold for its fair value ?? Do you think the Club members interested in buying it are going to offer up fair market value, when they think they could get a whopping deal ??? Feedback please !!

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ShepFL

07-18-2006 13:48:12




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 Good question - long post in reply to Sam F., 07-17-2006 20:58:39  
Been debating for 2 wks. whether to post this as I am right now square in the middle of this scenario with my buddy Wayne from Keystone.

Earlier he and I discussed final arrangements so his wife won't have to contend with it or feel obligated to what she thinks he might have wanted. We also spoke of various options including his kids who are not interested and below is the arrangement.

I got first shot at the equipment and paid what he wanted, basically fair market value price. Hence the reason for my AC postings as some of this AC Orange showed up amongst my Olivers.

As a goodwill gesture I bought his Dad's WD. Wayne bought this because of sentimental value. I bought it so it would be around in the event Wayne's son (my age) or one of Wayne's grandsons may want Granddad's / Great Granddad's tractor sometime down the road.

Any equipment I do not want I am to sell for him at his asking price or as near that as possible. I am just starting that effort now - watch Classifieds and Ebay. I pass all $$ to his wife, no service fee etc. just straight pass thru.

Me, my sons and my BSA Troop will provide any tractor work / routine maintenance that needs to be done around the place as long as she keeps it. This will be done on a schedule convenient to me as I travel frequently.

While this is beneficial to both parties it is very BITTERSWEET. I moved his tractors etc. before he came home from the hospital. This was to save him some greif, still his wife broke down seeing that equipment loaded out on my trailers leaving their place. I comforted her for about an hour before paying her.

Once we got home my boys were tickled as all get out to try the AC B as it is "just their size". I got a kick out of letting the drive the rigs down to the neighbors (2 miles) and back to "show off" the rigs.

Me and my BSA Troop were there this past Saturday doing yard work, hauling off limbs and trash, planted 14 flowering plants etc. Just routine clean up.

Wayne came home later that day and it really hurt to see him in a wheelchair. I know he missed his rigs but he said nothing; just commented on how nice the place looked. Me and the boys will keep in touch as the equipment sells & as maintenance is needed.

For my stuff I just told my wife what fair market value is of my rigs so she does not rooked.

ShepFL

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dhermesc

07-18-2006 08:02:57




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 Re: How do widows dispose of tractors in your Club in reply to Sam F., 07-17-2006 20:58:39  
Auction.

If the husband assembled an assortment of "guy stuff", guns, tools, equipment etc it will be well attended and will bring top dollar. I don't know how many times I've watched in amazement as someone paid more then new price for used tools and the like. My wife knows to sell my stuff at auction and to have a keg of free beer to help the bidding along.

If you have kids it gives them the opportunity to buy a few mementos that they feel they need while contributing towards their mother's financial well-being and their possible inheritance.

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Dr.EVIL

07-18-2006 07:26:12




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 Re: How do widows dispose of tractors in your Club in reply to Sam F., 07-17-2006 20:58:39  
Mom & Dad just had their last auction and moved into town.... Last of all their farm equip. & junk was sold at auction about 4 weeks ago. The '51 M Dad bought new We could have sold private 1000 times the month before the auction. But Dad said Son & I can have it....It'll have a good home!



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jubilee johnny

07-18-2006 06:53:21




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 Re: How do widows dispose of tractors in your Club in reply to Sam F., 07-17-2006 20:58:39  
My grandfather's last tractor in his estate was recently put up for auction--within the family-- as there were several interested. It brought more than it was worth, but it had sentimental value. It should be worth noting that men should make their wishes clearly known. None of us know when our wives could become widows no matter what our age is. If there has been no prior designation then I would recommend family getting first chance perhaps by sealed bid. Estate divisions seem to bring out the worst in people sometimes and being fair with everyone works best. We have all seen enough tractors sell either on ebay or otherwise to know if one is priced particularly too low. Since my grandad's Ford 8n had "sentimental" value it brought $2650. when the condition of it would have easily been under $2000.00. Bottom line, don't make your widow do it, arrange in advance.

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jmixigo

07-18-2006 06:27:21




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 Re: How do widows dispose of tractors in your Club in reply to Sam F., 07-17-2006 20:58:39  
Your friends may try to get the stuff cheap, but relatives will descend like buzzards trying to get it all free.



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MN Bob

07-18-2006 06:07:17




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 Re: How do widows dispose of tractors in your Club in reply to Sam F., 07-17-2006 20:58:39  
I would say auction; I had an uncle that was a gun nut. Collected some nice weapons. When he died his "best friend and hunting buddy" offered to buy them all for $2000. to help her out. One gun was worth that in todays market. I know of one fellow in a tractor club that regularly takes all advantage he can and brags about it. Says its a dog eat dog world. For some people friendship means nothing when $ are involved.

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the Unforgiven

07-17-2006 23:19:52




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 Re: How do widows dispose of tractors in your Club in reply to Sam F., 07-17-2006 20:58:39  
I am not much into the club scene, but I have been thinking about it. Time marches on, and things can change real fast. I have seen both sides of it, and the auction is probably the way to go if you don't have a plan. The auctions can go bad and everything sells cheap, but if you have quality junk it doesn't happen much any more. I have told about three closest friends to come out and pick out the particular piece of trash that they want, if they will help my wife sell the rest of it for all it will bring. She has a pretty good memory about how many dollars that have been pumped into my non-profit playground. Club-wise maybe you could leave an offer to be presented to your club on your best item or items that you know they would want. Maybe club members helping to set up the past member's auction could be a huge help, because if you also collect old outbuildings and weeds and trees it is an awful lot of work.

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sodbusterNC

07-17-2006 23:04:47




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 Re: How do widows dispose of tractors in your Club in reply to Sam F., 07-17-2006 20:58:39  
I keep record of what I paid for it, what I spend on it, so wife an kids know what I have in it. at lest its a start.



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NC Wayne

07-17-2006 21:25:11




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 Re: How do widows dispose of tractors in your Club in reply to Sam F., 07-17-2006 20:58:39  
Not married and don't collect tractors, just work on them. That said wether the wife is a tractor "nut" like her husband or not she should still take at least enough interest in her husbands hobby to know how much the machines mean to him and at least have some idea as to a fair value of each piece. Being her husbands machines they may or may not have sentimental value to her, just depends on how interested she was in the first place I guess. Wether she sees them as a part of him and his life or simply a waste of money, either way, I still say she should have at least some idea of their monetary value. Even if he has to make a list of each machine and it's value for her, she needs to know. If it was my wife left behind, with me gone, I'd want her to know how much each piece was worth because every little bit would be more for her to use to get on with her life once I was gone. I have known several older couples over the years where the husband passed and the wife was left in a position or selling off his machines, their property, etc. The only ones that didn't wind up getting "cheated" in the end were the ones that had taken the time when he was alive to go over their possessions to where each knew what was what, or at some point one of the children stepped in and took charge of doing things to make sure their Mom didn't get cheated. In the end though no item is worth more than a person is asking for it or than someone else will offer for it. If your buying and the person your buying from has no clue, then it's up to you to be honest and tell them. If they know and don't care then you were honest and did your part. If after all that both parties are happy with the sell then nobody was cheated..... In the grand scheme of things it's only money and as much as we all want it we can't take it with us..... ...Just my .02

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DCM

07-17-2006 21:14:18




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 Re: How do widows dispose of tractors in your Club in reply to Sam F., 07-17-2006 20:58:39  
Unless a close relative is going to help the estate,it can be tricky.Mostly what I have seen around here is an auctioneer handling the estate sale,I think that will be about the best and most fair way to deal with this kind of problem.Have been close to 2 of these situations so far.Dan in AB



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sammy the RED

07-17-2006 21:10:17




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 Re: How do widows dispose of tractors in your Club in reply to Sam F., 07-17-2006 20:58:39  
Auction.



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Bill of TN

07-18-2006 10:59:04




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 Re: How do widows dispose of tractors in your Club in reply to sammy the RED, 07-17-2006 21:10:17  
When I go I don't care what my wife does with the tractor..... my worries will be over but I hope she does with my stuff what ever will help her the most and not be bound by what she thinks I wanted done.

It'll be tough enough (I hope) so hopefully someone who also cares about her will work through her options with her.....

If she keeps the place she'll need tractor work done a few times a year.....if it's my tractor that's fine, if it's someone elses tractor that's fine too..... ..

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rustyj14

07-18-2006 18:35:42




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 Re: How do widows dispose of tractors in your Club in reply to Bill of TN, 07-18-2006 10:59:04  
I know exactly what my widow (to be) will do with my junk, as she calls it. she'll have a roll-off brought in, and everything i have collected over 56 or more years of marriage will go directly into it, and then she'll toss me into it, too, to save the cost of a funeral! A woman who lived next door to us did just that! Her husband was a drunkard--a fifth of cheap whiskey a day. He also was a very good mechanic-could fix anything that ran, or didn't! Well, she didn't throw him into it, but i know she would have relished the thought! She tossed everything into that big steel box, and had it hauled away! Oh, my one son might fancy my Gold Star 5-string banjo, and the old mandolin, and uncle's fiddle, and the other one will take all of my guns, but the other stuff will go into the dump! Rustyj

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