Re: You never know what you might find in a musty old suitcase (and the Two-Inch Rule
A lot of us who haven't done this should be thinking about it. I hate the thought of trying to do a detailed inventory, but all my personal property that is not covered by a legal title is in my living trust by declaration, and Schedule A is a list of that property. I specifically mentioned new and used car parts, wheels/tires, and special test equipment and tools in addition to the family heirlooms I have such as my mom's sterling silver, Wedgewood china, and Waterford crystal.
My successor trustees are well aware that I have things that most people might think is junk, and in my letter of instruction I suggested that they bundle all parts, tools, and documentation associated with each car and sell as a package with a requisite increase in price to account for all the extra stuff. It would be a lot to ask of a successor trustee to sell all this property individually or in small lots.
The other thing that is creeping up on me is that my nominated successor trustees are two years older to six years younger than me, so if we all make it into our eighties they may not have the energy to do the job. I need to cultivate some friends from the post baby boomer generation.
I think Joe has made suitable arrangements for The Collection, but he won't tell us what it is.
Duke
P. S. Wayne - would you instruct your wife to contact me about the DR test spec book if you don't make it longer than me?
A lot of us who haven't done this should be thinking about it. I hate the thought of trying to do a detailed inventory, but all my personal property that is not covered by a legal title is in my living trust by declaration, and Schedule A is a list of that property. I specifically mentioned new and used car parts, wheels/tires, and special test equipment and tools in addition to the family heirlooms I have such as my mom's sterling silver, Wedgewood china, and Waterford crystal.
My successor trustees are well aware that I have things that most people might think is junk, and in my letter of instruction I suggested that they bundle all parts, tools, and documentation associated with each car and sell as a package with a requisite increase in price to account for all the extra stuff. It would be a lot to ask of a successor trustee to sell all this property individually or in small lots.
The other thing that is creeping up on me is that my nominated successor trustees are two years older to six years younger than me, so if we all make it into our eighties they may not have the energy to do the job. I need to cultivate some friends from the post baby boomer generation.

I think Joe has made suitable arrangements for The Collection, but he won't tell us what it is.
Duke
P. S. Wayne - would you instruct your wife to contact me about the DR test spec book if you don't make it longer than me?

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