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Thread: Your collection: your heirs headache?

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    Senior Member FredRydr's Avatar
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    Default Your collection: your heirs headache?

    Consider making gifts during your lifetime, instead.

    https://www.nytimes.com/2023/07/30/s...s-estates.html

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    catbert (July 30th, 2023), Chrissy (July 31st, 2023), christof (July 31st, 2023), Jon Szanto (July 31st, 2023), welch (July 31st, 2023), Yazeh (July 30th, 2023)

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    Senior Member dneal's Avatar
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    Default Re: Your collection: your heirs headache?

    "A truth does not mind being questioned. A lie does not like being challenged."

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    Senior Member Jon Szanto's Avatar
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    Default Re: Your collection: your heirs headache?

    Rather than be all over the map about it, and keeping in mind only pen collections, Fred is spot on.

    We just had a scenario here in town: a semi-noted collector and restoration person passed away earlier this year without a will or trust. Probate was going to take over, and the children, astoundingly, knew virtually *nothing* about pens, etc, even though Dad had been doing this for years. They allowed some of his long time friends to consider purchases, but the bulk went at a 3-day estate sale, likely netting far less than had he put a value on the items and allowed the heirs to sell them properly over time. It was a deeply sad thing to watch play out, but you can't always prevent people from not dealing with the realities of life.
    "When Men differ in Opinion, both Sides ought equally to have the Advantage of being heard by the Publick;
    and that when Truth and Error have fair Play, the former is always an overmatch for the latter."

    ~ Benjamin Franklin

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    FPG Donor ♕ Chrissy's Avatar
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    Default Re: Your collection: your heirs headache?

    I'm unable to read the article, must be behind a paywall or unavailable here, but this is a good idea and a timely one for those of us who are more than halfway though our lifetimes

    I have no close family or friends who have any interest in pens or inks so selling some stuff on ebay or specially gifting to other pen/ink lovers seems like the way to go.
    Regards, Chrissy | My Blog: inkyfountainpens

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    FPG Donor ♕ Chrissy's Avatar
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    Default Re: Your collection: your heirs headache?

    Quote Originally Posted by Jon Szanto View Post
    Rather than be all over the map about it, and keeping in mind only pen collections, Fred is spot on.

    We just had a scenario here in town: a semi-noted collector and restoration person passed away earlier this year without a will or trust. Probate was going to take over, and the children, astoundingly, knew virtually *nothing* about pens, etc, even though Dad had been doing this for years. They allowed some of his long time friends to consider purchases, but the bulk went at a 3-day estate sale, likely netting far less than had he put a value on the items and allowed the heirs to sell them properly over time. It was a deeply sad thing to watch play out, but you can't always prevent people from not dealing with the realities of life.
    I know of a very sad case where a well known pen club member, with many precious pens, committed suicide. Kirk Speer of Pen Realm is handling the sale of all of his pens on behalf of his estate.
    Regards, Chrissy | My Blog: inkyfountainpens

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    Senior Member welch's Avatar
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    Default Re: Your collection: your heirs headache?

    Quote Originally Posted by Chrissy View Post
    I'm unable to read the article, must be behind a paywall or unavailable here, but this is a good idea and a timely one for those of us who are more than halfway though our lifetimes

    I have no close family or friends who have any interest in pens or inks so selling some stuff on ebay or specially gifting to other pen/ink lovers seems like the way to go.
    I have set aside three Parker 51 sets for our grandchildren. Each is an aerometric in a proper 51 box. One, amazingly, is a Forest Green set that looks like it had just come from the pen counter at a department store. And I gave a couple of 51s to a friend who writes with fountain pens and a couple of P-61s (c/c) to a friend who grew up writing with fountain pens.

    Still have too many pens. Maybe I'll sell a few here or on EBay, but I would rather they go to people who will write with them.

    [by the way, Chrissy, the Times says that someone can read a couple articles a month without subscribing. Maybe it's different for someone outside the US...]

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    Default Re: Your collection: your heirs headache?

    I have earmarked certain pens for my kids and grand kids (they have chosen them and most are not fps) and this is listed in my inventory, along with pens that I received as gifts( so they go back to the original gifter)

    I also have suggested prices that the remainder should sell for.



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