Farm Equipment - List Your Assets/Wishes

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List Your Assets/Wishes

Printed From: Unofficial Allis
Category: Allis Chalmers
Forum Name: Farm Equipment
Forum Description: everything about Allis-Chalmers farm equipment
URL: https://www.allischalmers.com/forum/forum_posts.asp?TID=135288
Printed Date: 07 May 2024 at 6:44pm
Software Version: Web Wiz Forums 11.10 - http://www.webwizforums.com

Topic: List Your Assets/Wishes

Posted By: TimNearFortWorth
Subject: List Your Assets/Wishes
Date Posted: 20 Feb 2017 at 11:10am

Guys, just a note to remind us all to lay out your wishes and what you want done with your assets.
We have had cancer pop up in the family and both parents diagnosed within the last year.
Brother was then diagnosed in December and he nor his immediate family would accept the fact that he was terminal. I just returned as I ran up to see him and he passed peacefully Friday morning at his home, only 59 years old.
When asked about the shop he started building about ten years ago for his snowmobile collection, his son took me to the large locked shop down from the house and opened the door to show me my brother's pride and joy. We had a Polaris dealership on one side of the family and an A-C dealership on the other so we always had plenty of both going back to the 50's.
I had not talked much with this brother the last five years as we all get busy . . . .
Imagine my surprise to see over 80 restored Polaris snowmobiles, from a number of early rear engine (even an articulated unit I never knew Polaris made), factory racing Starfires and units up into the 90's. All restored to pristine original condition with another 25 unfinished found at one of his other shops off site.
Between selling his tire business, camp on the lake and a number of other assets, his son advised the snowmobile warehouse will be locked up until they feel they can deal with it someday with an appraiser.
I am currently reviewing everything I have and making lists myself . . .

Replies:

Posted By: Stan IL&TN
Date Posted: 20 Feb 2017 at 11:52am

Tim I'm sorry for the loss of your brother and thanks for the reminder that we all need to have our ducks in a row so we don't burden others with what to do with our "stuff" after we are gone.

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1957 WD45 dad's first AC

1968 one-seventy

1956 F40 Ferguson

Posted By: CrestonM
Date Posted: 20 Feb 2017 at 12:01pm

Sorry for your loss. Dad lost his brother at a young age, and it hit him pretty hard.

Yep, getting everything lined out is very important. I'm thinking what I'll eventually do is gather all my heirs together, then write down who all wants what. I would want to make people happy by giving them what they want most, and try to prevent what I'm going through now after the passing of one of my grandfathers. Then if two people want the same piece, play favorites. I'll be dead when they find out anyway. Lol

Posted By: Ted J
Date Posted: 20 Feb 2017 at 6:07pm

My condolences Tim for your loss. He went quickly which I would say is a God send. He didn't suffer too long. My dad passed in his early 50s too, but he had some time to spend with us and get his ducks in order. He suffered for a little over a year.
May God smile on you and help you through this trying time. Remember, you can get on here and pour your heart out, we're all a big family........

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"Allis-Express"
19?? WC / 1941 C / 1952 CA / 1956 WD45 / 1957 WD45 / 1958 D-17

Posted By: Tony.Or
Date Posted: 20 Feb 2017 at 6:09pm

Good sound advice ! Get every thing down in writing .. I have done this already with my 2 sons. who gets what ... Then have a will ... Tony

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http://www.tonystractors.com" rel="nofollow - http://www.tonystractors.com

Posted By: Calvin Schmidt
Date Posted: 20 Feb 2017 at 8:20pm

My thoughts Tim. We are in that process right now ! Draft of updated wills on the email tonight.

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Nothing is impossible if it is properly financed

Posted By: 45 turboa-
Date Posted: 20 Feb 2017 at 9:08pm

I know all to well what you are talking about.My sister past away last nov of a massive heart attack at 55 years old things can happen fast. My family and I still can't believe it !

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turbocharged

Posted By: Tracy Martin TN
Date Posted: 20 Feb 2017 at 10:12pm

Tim, so sorry for your loss. Not really any words I can say to make it hurt any less!You are right about our wishes, need to clearly have it wrote out. God Bless and God speed the healing for you and the family!

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No greater gift than healthy grandkids!