A discussion came up on another group about how to indicate disposition of things when one dies. Of course one can make bequests in a will but the discussion about things like jewelry, furniture, collections, was more interesting and it struck me that while we¡¯ve done a good job with our assets - we have wills, living wills, health proxies, POAs, etc. all drawn up, we really have not addressed other things.
In my case, my looms, wheels, espinners, handspun fiber and finished objects, as well as things like Bohus kits are all rather valuable and my collection of books contains a few OOP books. I expect it might all be worth $20K or more including the looms which are probably close to $10K with all their accessories.?
I don¡¯t really want to burden my kids with having to deal with disposition of this stuff and they would have no idea of value anyway. I¡¯m wondering what, if anything, any of you have thought about w.r.t. such things. Have you? What provision have you made, if you¡¯ve thought about it?
One idea I had was to donate all of it to the local spinning guild which includes weavers, spinners, crocheters and knitters. The bequest would say that they could sell the items and use the money for whatever purpose they needed. I¡¯m going to bring it up for discussion next time we meet - as to what any of the others have thought about as some are older than I am.
But I thought I¡¯d ask your opinions here because I¡¯m sure you have as much of these things in value as I have.
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Jaya
