[lace] Estate planning

2014-02-12 Thread Lyn Bailey
Jane Partridge mentioned in some detail the situations various 
executors/trixes face when dealing with the estate of a lace maker.  It 
behooves us to figure out what has value, which may not be what we spent so 
many hours making, but may be our books, or the midlands bobbins, or an 
expensive pillow, as opposed to the others.  A word to the future 
administrators of the estate as to what is known to be valuable, and perhaps 
what was paid for that fancy bone bobbin from a special maker would be a 
good idea, and a great favor to them, making the estate more money by 
pointing out where the value is.


For many reasons it might be a good idea to take a picture of the expensive 
bobbins, with date of purchase, if you remember it, maker, if it's 
important, and what you paid for it.  Not only for an estate, but also for 
insurance purposes.


Lyn in Lancaster, Pennsylvania, USA, where we are waiting for the snow 
tomorrow.  That's not the most worrying, but any extensive power outages. 
Everything that can be charged is charged. 


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Re: [lace] Estate planning

2014-02-12 Thread Clay Blackwell
At some point in my lacemaking career, I observed an elderly member of my guild 
who was no longer able to see well enough to make lace.  She sought the help of 
a member of the guild, who agreed to sell her extensive collection of Midlands 
bobbins.  Several years later the same elderly lady contacted me to help sell 
the rest of her stuff.  The first person who had helped her had taken bobbins 
worth two or three thousand dollars  (Archer bobbins... 20 -30+) as well as 
many other highly prized English and Australian bobbins...as well as a full 
collection of lacemaking books), and had told her they were sold and had given 
her roughly $25 for the lot!

My advice is that when you have a collection to sell, be sure that you involve 
an entire guild, and not just one member.  If you have no heirs, then leave 
your guild or the IOLI to dispose of as they wish.  If you have heirs, leave 
them written directive as to who should handle the lace supplies/collection, 
and if possible, a reasonable estimate of the worth of the collection.

The lady who was so badly served by one member of my former guild later 
contacted me to sell the remainder of her things.  The bobbins alone...  minus 
the Archers and the other fancys, fetched at least $1,500, while her pillows 
and other supplies took the total to nearly $2,500...  Which she received in 
full from me.  

Please...  Take the time to document your collection, and be sure to include 
this in your estate plans!  Don't let it get swiped by a greedy volunteer!

Clay

Clay Blackwell
Lynchburg, VA






Sent from my iPad

 On Feb 12, 2014, at 6:50 PM, Lyn Bailey lynrbai...@desupernet.net wrote:
 
 Jane Partridge mentioned in some detail the situations various 
 executors/trixes face when dealing with the estate of a lace maker.  It 
 behooves us to figure out what has value, which may not be what we spent so 
 many hours making, but may be our books, or the midlands bobbins, or an 
 expensive pillow, as opposed to the others.  A word to the future 
 administrators of the estate as to what is known to be valuable, and perhaps 
 what was paid for that fancy bone bobbin from a special maker would be a good 
 idea, and a great favor to them, making the estate more money by pointing out 
 where the value is.
 
 For many reasons it might be a good idea to take a picture of the expensive 
 bobbins, with date of purchase, if you remember it, maker, if it's important, 
 and what you paid for it.  Not only for an estate, but also for insurance 
 purposes.
 
 Lyn in Lancaster, Pennsylvania, USA, where we are waiting for the snow 
 tomorrow.  That's not the most worrying, but any extensive power outages. 
 Everything that can be charged is charged. 
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 To unsubscribe send email to majord...@arachne.com containing the line:
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 http://www.flickr.com/photos/lacemaker/sets/

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Re: [lace] Estate planning

2014-02-12 Thread Barbara Engle
Yes, Lyn, and I thank Jane.  I have saved this..as I am nearing the place where 
I will soon have dispose of over 30 years of lace books and stuff.  I still 
lace a bit, and love all the books and simply cannot bring myself to disposing 
of all the printed matter and materials.  I still instruct folks in beginning 
lace, am expected to be  a source information of any related topics.  This last 
is a laugh:))) but I try.
So long as my bifocals allow me use the small pillows I will plug along making 
little lacy gifties.  My family always want what comes off of the pillow, 
shuttles , needles and hooksand, as I
am past 86, we will soon be  a five generation family..so lots of gifts to 
make.and so little time.

Right this minute I am knitting. Tomorrow, who know what will inspire  my 
fingers!?
For a lurker ...I have really said enough to last for years 
So

Talkatchalater, smiles
BarbE 
Near Dallas

On Feb 12, 2014, at 5:50 PM, Lyn Bailey lynrbai...@desupernet.net wrote:

 
 
 

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