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okie-colin
Pillar Of The Community
USA
922 Posts |
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How can I help support Coin Community?
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hippiebrian
Valued Member
United States
356 Posts |
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okie-colin
Pillar Of The Community
USA
922 Posts |
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ratio411
Pillar Of The Community
USA
584 Posts |
 Posted 11/03/2009 10:20 am
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Hats off to you for helping your friend so honestly!
We had a similiar situation in my family once. My aunt's
husband inheireted his grandparents' home when they passed.
They proceeded to unload the house to Goodwill and other
charitys. By chance they noticed some of the clothes they
were about to give away were 'funny feeling'. Well, the
old folks had sewn cash into the linings around the time
of the depression, and left it there!
It was luck that they found it. But then they proceeded to
deposit it in the bank, rather than have a collector check
it over.  They turned in thousands of dollars in gold
notes straight into the bank!
So... Don't hide from your family AND let them know what
you have as well, so they don't make a simple mistake.
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Figman
Valued Member
United States
193 Posts |
Posted 11/03/2009 10:59 am
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I inherited a fairly large collection from my great uncle who was secretive too. Someone,(unknown person) got the gold coins before I did. I was able too find my wifes grandfathers gold coins before anyone else, knowone knew he had them either.
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eaglefoot
Pillar Of The Community
USA
4193 Posts |
Posted 11/03/2009 11:49 am
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Quote:
Also, thanks Prethen for the good advice.
Prethen is a good man......I'm sure you benefited very well from his expertise ! ...
This story about your friend Larry.......I'm glad you shared this, because this kind of thing is a lot more prevalent than most people realize. Other family members "take things" upon someones passing....and not everyone knows the full extent of what was there.......UGGGGHHH !. There has been some of this in my own family when my Grandpa died some 30 years ago......and again when my Grandma went into a nursing home about a year and a half ago. This "secretive" stuff can destroy families.
If that wasn't enough, after reading your post, it made me realize what I'm doing with my own collection too.
In fact, soon, I'll be posting my own topic here with my own personal dilemma, as I struggle in how to exactly handle things with my own collection going clear back to my Great-Grandparents, now that I'm about to be married to a woman who has a five year old child who will be my step-daughter. And having coins that need to stay forever in my family, while starting "new" collections with her and her daughter.....it's kind of "touchy" let me tell ya ! The idea of my future wife having a key to my Safety Deposit boxes that "only" contain my families' and my coins, as of right now. And my Mother being VERY adament that "her" dads coins ALWAYS stay in our family and NOT go somewhere else if something happens to me. And how one discusses these things with his "wife to be" without offending her....which is impossible, because the little bit I have discussed "has" offended her.
And the whole "pre-nuptial" potential thing, including my business (to do or not to do... offend or not offend... keep seperate or join everything) with all sorts of things, not JUST coin collections.
It might just all be a little too personal to be discussing here on CCF too......haven't decided yet ~~ !
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"Tomorrow is the most important thing in life. Comes into us at midnight very clean. It's perfect when it arrives and it puts itself in our hands. It hopes we've learned something from yesterday."
John Wayne
Eaglefoot |
Edited by eaglefoot - 11/03/2009 1:02 pm |
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ratio411
Pillar Of The Community
USA
584 Posts |
Posted 11/03/2009 12:02 pm
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Yeah, "The Taking"...
I hate when family passes and folks gather like vultures.
It is so morbid and unseemly. A side of loved ones that
rears it's ugly head, and I'd rather not see it.
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Brewzz
Valued Member
USA
103 Posts |
Posted 11/08/2009 09:32 am
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Eaglefoot,I know where you are coming from.I would say,in no uncertain terms,that Family things are for you and your kin Only.She needs to understand that IMHO.Personally,I lost both my folks this year.I am suddenly in a different bracket....My wife knows that that is family money,nuff said.
This IS probably too personal to discuss here on CCF
Brewzz
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okie-colin
Pillar Of The Community
USA
922 Posts |
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xshift
Pillar Of The Community
USA
1518 Posts |
Posted 11/08/2009 11:03 am
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Just thought I'd throw this out there on the subject of business and marriage. If you have a business, you might want to keep it totally separate. This is not to keep her out of anything - it's to protect her.
It will take a bit more juggling, and the "Married Filing Separate" filing status is no bargain  , but you wouldn't want her to be affected by anything that happens to your business, and neither would she. I'm assuming it's a sole proprietorship - LLC's and Corporations have their own protections built in. And if it's a partnership, that would be the possibility of 2 people, one she is not married to, affecting her versus only one.
The decision should be made before nuptials - in regards to the IRS and other Government Entities, they will lump her stuff in with yours in a heartbeat for payment of any debt they think your business owes unless it's proven everything was kept separate from the date of marriage. Of course, look into the specific laws in the state you live - some won't even honor the 'separate' thing, I'm sure, so even trying could be an exercise in frustration, for the both of you.
Just a thought. Good luck! I know it's a lot to think about, nevermind the wedding itself! 
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nohope587
Pillar Of The Community
USA
3445 Posts |
Posted 11/08/2009 3:39 pm
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Just Curious as to which dealer gave the low ball offer?
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okie-colin
Pillar Of The Community
USA
922 Posts |
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