In the event that I should pass away before Marlene, I have left her a list of individuals who may be interested in my audio gear. She will most likely leave the living room system intact to maintain the look and feel of that room. The recording studio equipment, two channel studio sound system, and the home theater system represents money in the bank for her if she wishes to liquidate it. She can make that decision when the time comes.
My prayer is that I outlive Marlene so that I can continue to take care of her through her final day. She can no longer drive due to macular degeneration. I have been her chauffeur for the past five years due to her gradually failing eyesight. In addition, I am considerably more proficient at taking care of business and finances, maintaining this home and property, and handling any necessary repairs. It would be beneficial for Marlene that I outlive her. Either way, the inevitable faces all of us.
This is a topic that requires serious conversation with spouses; specially for very expensive equipment and large music collections. Like other assets, having a good and detailed plan with written instructions would be very helpful to the surviving spouse/partner/family member.
My 2 cents.
I must respectfully disagree. Face it when your dead, you will hopefully be remembered for all the good you did. Why rock the boat when alive. If I sat down and did estate planning with my wife/kids and my wife in particular ACTUALLY SAW what I paid for this stuff, my funeral would come much sooner than expected.
At least when your dead, #1 you won't have to take sh-t for all you "wasted" and #2 at least for the time of mourning, no one is going to criticize you for the money "wasted" and #3 once the estate is divided up, it will be a nice surprise.
While I am still breathing and my mind still works, there is NO WAY, I am opening up Pandora's box. I want to spend whatever time I have left on this earth in peace.
That's my story and I'm sticking to it.
In life, we deal with challenges in different ways. I choose to have clarity and transparency. I don’t find this to be a difficult issue to deal with. However, I don’t want to put my wife through the process of having to deal with this set of decisions.
Now, let’s enjoy some �� ...
Agreed. You can’t take it with you.
You would be surprised what people are buried with.
I am going to turn the tables. What happens if the wife dies before you, what do you do with all the coach purses, jewelry and hundred pair of expensive shoes?:hmmm: