two_bit_score
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With great regret, The tractor must be sold.
- Thread starter BrokeFarmerJohn
- Start date
- Views: 30725
MossRoad
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Knock on wood I don't have those issues. I get along with my siblings and my in-laws, too.
4570Man
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I’d feel better about loosing a bidding war than loosing an arbitrary game, but I guess that personal preference. I also don’t usually play arbitrary board games.
ning
Elite Member
This would work great if everyone's got the same budget...
ning
Elite Member
Actually thinking more about this - give everyone a budget - if you're being "fair", the same number of "currency" units (the writer of the will is free to specify different budget amounts of they think it's warranted, of course). There's a sealed bid suction for all items with that will's units as currency.
You may put the whole bank on one item and win it but you probably won't win anything else.
If an item got no bids, it's donated/sold to the public/whatever.
All items with a clear winner go to the person who won them.
All items which had tied bids are then put back for auction.
This process repeats N times; if any items are still left tied, cards are drawn, with the highest card choosing an item first, then the next highest choosing, etc, repeating in that same order until all tied items have been claimed.
mapper
Veteran Member
When we did my mom's stuff there was only two items that different sibs wanted, they settled it between themselves without any animosity. Whatever the sibs didn't want was then open to the neices and nephews, it was mostly household goods and furniture. That was also done without conflict, whatever was left went to goodwill.
Didn't need stickers in this case but that is a great idea if there are a lot of things that more than one person wants.
Didn't need stickers in this case but that is a great idea if there are a lot of things that more than one person wants.
Jchonline
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We will split everything 50/50 between our 2 children. If there is a dispute it will be sold and the proceeds split equally amongst them. If one wants something material (house, land, etc) they must buy out the other one at market value or it is sold and the proceeds split. No leaving this kid a certain thing (tool, machine, etc). It is all split, no favorites for anything.
ultrarunner
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There is another aspect that sometimes comes up...
One of my friends took early retirement at 55 to take care of her Mom... and she did for 12 years with the last 5 being nearly round the clock...
Her Mom left her the home which caused family division... her two brothers lived in other states and never stepped up... sure... on Mother's Day and Birthday extravagant floral arrangements arrived... but not once did those families spend one day with her...
I believe Mom knew this and acted accordingly... home left to loving daughter with contents... Investment Accounts and Dad's Gun Collection left equal to her brothers.
Since this is California... the daughter inheriting parent/child it means unchanged property tax... can be a big deal saving thousands each year.
MossRoad
Super Moderator
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Yeah, the sticker thing worked well, and selling both houses did, too, as none of us wanted to keep the houses. We'd have liked to, but it wasn't practical for any of us and dad gave the OK to sell them after he was gone well before he passed. But the will did take into account that one of the siblings may want to keep one or both of the houses. It said if one wanted to keep a house, they had to buy it from the estate at 100% of market value and pay the estate. Since there were 5 of us, that meant you'd get back about 20% of the money you paid for the house once the estate was settled.
However, the will made no reference to what if TWO of the siblings wanted one or both of the houses..... that's the only thing they forgot about. Fortunately, we didn't have to go down that road. :laughing:
However, the will made no reference to what if TWO of the siblings wanted one or both of the houses..... that's the only thing they forgot about. Fortunately, we didn't have to go down that road. :laughing:
