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How to advise on the sale of a collection?
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<blockquote data-quote="Magnetoman" data-source="post: 52740" data-attributes="member: 2806"><p>All excellent advise. Thank you very much indeed. </p><p></p><p>I didn't realize it at the time I started this thread but by the time it is finished it may be one of the few threads that is of direct value to essentially everyone in the VOC irrespective of what particular model Vincent(s) they own (especially once more suggestions for Part B come in). Depending on where it goes from here, I may well compile the information into a 'how-to' article to submit to 'MPH' so the many members who don't read the Forum can benefit from it as well. Denial is a powerful motivating factor, and by <em>not</em> dealing with this stuff we are essentially living in denial of our mortality. </p><p></p><p>Your post made me remember that in my State motor vehicles that are titled only in the name of the deceased (e.g. 'Mr. Smith', as opposed to 'Mr. or Mrs. Smith') go into probate irrespective of a will or other aspects of inheritance law. That is, even if the will says everything goes to the wife, first the motor vehicles go into probate. However, all it takes to avoid this is for the owner to fill out a form for each vehicle that names a beneficiary for it. In that case it gets treated like any other piece of furniture. No doubt every State, and every country, handles this differently, but in my case 30 minutes filling out forms now can save a widow a lot of attorneys fees and a lot of time dealing with paperwork later. Further, several basket cases are in my name, but the titles are from another State since I never bothered getting the titles transferred when I moved. Again, although this will be a headache for me to do now, it would be a HUGE headache for a widow to deal with later, especially on top of everything else.</p></blockquote><p></p>
[QUOTE="Magnetoman, post: 52740, member: 2806"] All excellent advise. Thank you very much indeed. I didn't realize it at the time I started this thread but by the time it is finished it may be one of the few threads that is of direct value to essentially everyone in the VOC irrespective of what particular model Vincent(s) they own (especially once more suggestions for Part B come in). Depending on where it goes from here, I may well compile the information into a 'how-to' article to submit to 'MPH' so the many members who don't read the Forum can benefit from it as well. Denial is a powerful motivating factor, and by [I]not[/I] dealing with this stuff we are essentially living in denial of our mortality. Your post made me remember that in my State motor vehicles that are titled only in the name of the deceased (e.g. 'Mr. Smith', as opposed to 'Mr. or Mrs. Smith') go into probate irrespective of a will or other aspects of inheritance law. That is, even if the will says everything goes to the wife, first the motor vehicles go into probate. However, all it takes to avoid this is for the owner to fill out a form for each vehicle that names a beneficiary for it. In that case it gets treated like any other piece of furniture. No doubt every State, and every country, handles this differently, but in my case 30 minutes filling out forms now can save a widow a lot of attorneys fees and a lot of time dealing with paperwork later. Further, several basket cases are in my name, but the titles are from another State since I never bothered getting the titles transferred when I moved. Again, although this will be a headache for me to do now, it would be a HUGE headache for a widow to deal with later, especially on top of everything else. [/QUOTE]
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