This is a very worthwhile thread. I'll be interested in what's said on the
subject.
As to me, the matter has been given considerable thought. Before retiring 20
years ago, I had a 40 year career in the life insurance business. Much of
the training was estate planning related. I also have a personal attorney
who has been very helpful in accomplishing what I have in mind.
Getting to the modeling stuff, I have an understanding with relatives named
in my will. They don't have a clue about its worth, know what much of it's
for (except common tools), or who might be a prospect for buying any of it.
The understanding consists of having a trusted modeling friend haul off what
they can't use, keep what he wants as a reward for the friendship long
provided and offer what can't use over the RCSE or otherwise. I don't care
what comes of it, other than wanting it in good hands who can use it. The
idea of it being offered up at a yard sale is nauseating.
I leave it to sthe friend to decide what the net amount to hand over would
be, with no accounting required. I figure whatever that amounts to would be
more than woefully uniformed relatives could possibly get trying to handle
disposition of the stuff.
My heirs otherwise come into piles of loot, mostly passing by contract
outside of a will, and what might come out of the modeling stuff is quite
incidental. I buy it for my use and pleasure without thought about what
might ultimately become of it.
It's a simple plan, but having no spouse, no debts or unpaid taxes that
would prompt creditors or taxing entities to look for probate protection
under the will and with Durable Power of Attorney in the hands of relatives
named in the will, the will can just be filed for public record in case
anyone wants to know if they were named in it. I leave $1 to several named
people who may have notions they have something coming.
----- Original Message -----
From: "Loren Blinde" <[EMAIL PROTECTED]>
To: "Soaring-airage.com" <Soaring@airage.com>
Sent: Sunday, August 07, 2005 10:06 PM
Subject: [RCSE] Estate planning
Let's say that tomorrow, due to circumstances beyond your control, you
either go to heaven, ascend to a higher reality or become worm-food,
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