Why did people think it would work out.
No way tobacco is going to be with humanity in some way until one of us is gone. It's too engrained in our DNA literally to ever fade completely.
Weird Thought?
- Thread starter Puffaluffaguss
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You never know what will be valuable in collectables. I am still shocked at how much we got for my Grandmothers hummels. Shocked to find out there are young collectors of that stuff.
Just don't have kids... the spouse gets everything and can decide what to sell or trash.
Easy.
Now it's just a race to die before she does so she has to deal with my estate and all my junk rather than me having to deal with hers.
All jokes aside, you should get with an estate planner, one well-versed in your state's laws (because it differs state-to-state). Having a will in place helps, but it's no guarantee that it'll be followed. The executor only has to do what's in the best interest of the estate (not the heritors technically, but what's in the best interest of the estate is what's in their best interest, it's kind of complicated). At any point, any potential heritor can contest the will, or the named executor, or the chosen executor's actions.
The process generally goes that all money assets get consolidated into an estate account (generally any stock options get sold, but retirement accounts might have their own separate distribution). Creditors get paid first and if there's not enough to pay them off, physical assets get sold until they can be paid off. Then you can sell all physical assets, distribute them, whatever.
I'd caution against collectibles unless you hate your chosen named executor. Often times whether something is of value to a niche community they can be sold off for higher money, but there's so much crap to do that nobody wants to figure out the value of your rookie cards or collectible coins or whatever else. They generally get tossed or sold at an estate sale for whatever people will buy them for to move them quicker, there's bigger fish to fry and more important stuff to deal with.
Easy.
Now it's just a race to die before she does so she has to deal with my estate and all my junk rather than me having to deal with hers.
All jokes aside, you should get with an estate planner, one well-versed in your state's laws (because it differs state-to-state). Having a will in place helps, but it's no guarantee that it'll be followed. The executor only has to do what's in the best interest of the estate (not the heritors technically, but what's in the best interest of the estate is what's in their best interest, it's kind of complicated). At any point, any potential heritor can contest the will, or the named executor, or the chosen executor's actions.
The process generally goes that all money assets get consolidated into an estate account (generally any stock options get sold, but retirement accounts might have their own separate distribution). Creditors get paid first and if there's not enough to pay them off, physical assets get sold until they can be paid off. Then you can sell all physical assets, distribute them, whatever.
I'd caution against collectibles unless you hate your chosen named executor. Often times whether something is of value to a niche community they can be sold off for higher money, but there's so much crap to do that nobody wants to figure out the value of your rookie cards or collectible coins or whatever else. They generally get tossed or sold at an estate sale for whatever people will buy them for to move them quicker, there's bigger fish to fry and more important stuff to deal with.
“For Sale, large safe. Don’t have combination. Make offer. Need it gone”
By a strange coincidence, I was thinking about this only a few hours ago, and before I saw this thread. I wrote my will a few months ago, and at the time merely added the direction that I wish to be buried. I am now considering a specific direction to have my pipes and tobaccos buried with me in the coffin. And matches. My executors and heirs will be cursed forever if they don't include a couple of boxes of Swan vestas.
I have one wife and one daughter. Neither gives a rat’s ass about the pipes, tobacco, or vast array of firearms, reloading gear, tools and other cool stuff jammed into every available crevice of our modest abode. For them, my death will mean more available floor space, and no dottle on the piano.
Stop by after the memorial service. Bring a trailer.
Stop by after the memorial service. Bring a trailer.
I will be incinerated, already bought and paid for. No pipes or tobacco will accompany me- nor any other item.
I've put everything, with two major exceptions, into a living trust for the benefit of my sole heir and excecutor; nice and simple with no wife and one heir.
Oh, advice I got from a seasoned executor: Never leave bequests as a percentage of the estate; takes forever to close the damned thing.
I've put everything, with two major exceptions, into a living trust for the benefit of my sole heir and excecutor; nice and simple with no wife and one heir.
Oh, advice I got from a seasoned executor: Never leave bequests as a percentage of the estate; takes forever to close the damned thing.
I refuse to pass away as that sounds so boring, I'm going to keel over stone dead. Hopefully face first into someone's open toed sandals, and leave them something a little slippery between their toes to remember me by.
Oh my God, five years on Dad's estate. Then you have to go for yet another hearing to claim the issue distributed and closed.
We just pass from one interest to another. If banned, folks will find a replacement. No tobacco in vapes and I already see more of them than cigarettes. I was the last actual tobacco user left at my company when I retired.
Like any other collectible, their prices briefly skyrocketed. The value tanked and lots of folks were left penniless with rooms full of tiny stuffed animals.
At least with speculative cheap stocks, you can sell them and take a deduction.
I think I'm more concerned that in decades to come, they won't even be able to legally move the tins. That is, if selling or shipping tobacco products is completely forbidden, then the investment is moot unless you have a local buyer. And if pipe smokers have mostly retired by then, the value might be low.
There will always be pipe smokers. In what quantity and legal or illegal we can only guess.
Impure thoughts are the result of not doing enough impure acts! Go fix it!
It sounds stressful.
I don't like anything around this relaxing hobby/habit/vice of mine to be counterproductive. I stopped purchasing anything (other than bic lighters) in 2020, just to keep the hobby from having a monetary component. One of the last things I did was drop $$ on a lifetime supply of pipe cleaners. I grow tobacco to keep my cellar from depleting.
If the kids want to keep pipes as a memento, or throw them out, or sell them; it really does not matter to me. The tobacco I have is a very modest supply, but if my years happen to be shorter than my cellars then again, the kids can give it away or throw it out, or if they really wanted to sell any of it then they could I guess.
I don't like anything around this relaxing hobby/habit/vice of mine to be counterproductive. I stopped purchasing anything (other than bic lighters) in 2020, just to keep the hobby from having a monetary component. One of the last things I did was drop $$ on a lifetime supply of pipe cleaners. I grow tobacco to keep my cellar from depleting.
If the kids want to keep pipes as a memento, or throw them out, or sell them; it really does not matter to me. The tobacco I have is a very modest supply, but if my years happen to be shorter than my cellars then again, the kids can give it away or throw it out, or if they really wanted to sell any of it then they could I guess.
I’d risk it for a couple of meers
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Sorry, this came to mind…
Edit add on: Perfect finish for a weird thread. The misspelling in the title went unnoticed for some time. ~JPM
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