Cycling and bicycle discussion forums. 
   Click here to join our community Log in to access your Control Panel  


Go Back   > >

Fifty Plus (50+) Share the victories, challenges, successes and special concerns of bicyclists 50 and older. Especially useful for those entering or reentering bicycling.

User Tag List

Reply
 
Thread Tools Search this Thread
Old 11-17-08, 02:04 PM   #1
Digital Gee
I need more cowbell.
Thread Starter
 
Digital Gee's Avatar
 
Join Date: Jun 2005
Location: Reno, Nevada
Bikes: 2015 Specialized Sirrus Elite, 2012 Masi Evoluzione
Posts: 8,111
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Do you have a will?

I've been getting ready to update my will, and, like usual, found myself putting it off for a long time. My "estate" isn't even very complicated, but somehow I always find a way to put this project on the back burner. So I'm wondering -- do y'all have a will, and is it up to date? And, while I'm poking my nose where it doesn't belong, what are you going to do with your bike(s)? I mean, you can't just let them go to just anyone, right?
__________________
2015 Sirrus Elite
2012 Masi Evoluzione

Proud member of the original Club Tombay
Digital Gee is offline   Reply With Quote
Old 11-17-08, 02:14 PM   #2
John E
feros ferio
 
John E's Avatar
 
Join Date: Jul 2000
Location: www.ci.encinitas.ca.us
Bikes: 1959 Capo; 1980 Peugeot PKN-10; 1981 Bianchi; 1988 Schwinn KOM-10;
Posts: 16,907
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 26 Post(s)
My Bianchi and Capo road bikes are a problem, since my sons are too tall for them and my wife is slightly too short for them. I would certainly want them to go to someone who would appreciate what they are.
__________________
"Early to bed, early to rise. Work like hell, and advertise." -- George Stahlman
Capo [dschaw'-poe]: 1959 Modell Campagnolo, S/N 40324; 1960 Sieger, S/N 42624
Peugeot: 1970 UO-8, S/N 0010468
Bianchi: 1981 Campione d'Italia, S/N 1.M9914
Schwinn: 1988 Project KOM-10, S/N F804069
John E is offline   Reply With Quote
Old 11-17-08, 02:58 PM   #3
cranky old dude
Senior Member
 
Join Date: Jul 2006
Bikes:
Posts: 4,259
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
What little money I have is payable to my wife upon my death, the house
is falling apart, my Chevy is dead in the driveway, the MG is dead in the
garage (and she can't work the clutch anymore), and I'm taking my bikes
with me!

In other words, not yet. Yes, I know it's important but so little is
contestable she's not too worried about it.
cranky old dude is offline   Reply With Quote
Old 11-17-08, 03:12 PM   #4
Ed in GA
The "now retired" Old Guy
 
Ed in GA's Avatar
 
Join Date: Aug 2008
Location: Savannah, GA, USA
Bikes: Trek Madone 4.5
Posts: 546
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Well, as sort of a pre-cursor to making a will, I asked my wife "Honey, if something happened to me do you think that you would find another fella someday?"

She said, "Honey, I don't know. I might."

I said, "Well, if you do, are you going to let him ride my bike?"

She said, "No! It's too short for him."






At age 64, I need to get a will in place.
__________________
"The problem with America is stupidity. I'm not saying there should be a capital punishment for stupidity, but why don't we just take the safety labels off of everything and let the problem solve itself?"

Last edited by Ed in GA; 11-17-08 at 03:24 PM.
Ed in GA is offline   Reply With Quote
Old 11-17-08, 03:17 PM   #5
SaiKaiTai
Senior Member
 
SaiKaiTai's Avatar
 
Join Date: Nov 2006
Bikes:
Posts: 2,990
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
I do though it could probably be a little more up to date
SaiKaiTai is offline   Reply With Quote
Old 11-17-08, 03:31 PM   #6
Beverly
Senior Member ??
 
Beverly's Avatar
 
Join Date: Sep 2004
Location: Englewood,Ohio
Bikes: 2007 Trek Madone 5.0 WSD - 2007 Trek 4300 WSD - 2008 Trek 520 - 2014 Catrike Trail
Posts: 5,094
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
I've had a will for years but it needs some updating.

I haven't given too much thought to what will happen to the bikes. I'm hoping I live long enough to wear them out. Maybe I'll take the Madone with me
__________________
=============================================================

Enjoy the little things in life, for one day you may look back and realize they were the big things.
-- Antonio Smith
Beverly is offline   Reply With Quote
Old 11-17-08, 04:19 PM   #7
NOS88
Senior Member
 
NOS88's Avatar
 
Join Date: Mar 2006
Location: Montgomery County, Pennsylvania
Bikes:
Posts: 6,490
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
As a 12 year old I was stunned to hear my mother say she didn't care what folks did with her or her stuff when she was dead. I thought that was a very cold thing. She went on to explain that what she wanted for her was only important while she was alive. The older I've gotten the more I've come to appreciate her position. I do care if upon my death my loved ones will be financially secure, and have taken steps to that end. In terms of my bikes... Well, once I'm gone they can do whatever they want with them. I'll be riding something better in a better neighborhood anyway.
__________________
A conclusion is the place where you got tired of thinking. - S. Wright
Favorite rides in the stable: Indy Fab CJ Ti - Colnago MXL - S-Works Roubaix - Habanero Team Issue - Jamis Eclipse carbon/831
NOS88 is offline   Reply With Quote
Old 11-17-08, 04:21 PM   #8
Jet Travis
Ride Daddy Ride
 
Jet Travis's Avatar
 
Join Date: Feb 2007
Location: Villa Incognito
Bikes: 1983 Trek 720; 1983 Trek 620; 1989 Gi Cannondale Bad Boy Ultra; LeMond Victoire; Bike Friday Pocket Rocket Pro
Posts: 2,648
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
My wife and I took out life insurance on each other. So, now everything is pretty much of a waiting game.

Seriously, I think a will is important. It's not that expensive, and you'll be doing your loved ones a real service by keeping the probate and legalities to a minimum.
__________________
"Light it up, Popo." --Levi Leipheimer
Jet Travis is offline   Reply With Quote
Old 11-17-08, 04:26 PM   #9
BikeWNC
Climbing Above It All
 
BikeWNC's Avatar
 
Join Date: Oct 2004
Location: Basking in the Sun.
Bikes:
Posts: 4,146
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
We each have a will but all it says is everything is left to the family trust. Everything we own is in a family trust.
BikeWNC is offline   Reply With Quote
Old 11-17-08, 04:34 PM   #10
Trsnrtr
Nefarious Reprobate
 
Trsnrtr's Avatar
 
Join Date: Jun 2002
Location: Central Illinois
Bikes: Colnago CX, Giant Propel, Spec. Roubaix Pro, Co-Motion Supremo
Posts: 7,610
Mentioned: 2 Post(s)
Tagged: 0 Thread(s)
Quoted: 150 Post(s)
Will? Of course. Doesn't everyone over 50?
__________________
Dennis T
Trsnrtr is offline   Reply With Quote
Old 11-17-08, 04:54 PM   #11
roadfix
hello
 
roadfix's Avatar
 
Join Date: May 2003
Location: Los Angeles
Bikes:
Posts: 18,555
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 8 Post(s)
But make sure you spend most of your money before you die.
roadfix is offline   Reply With Quote
Old 11-17-08, 04:56 PM   #12
maddmaxx 
Small Member
 
maddmaxx's Avatar
 
Join Date: Nov 2003
Bikes: Leader home built hardtail, Diamondback Response
Posts: 7,136
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 132 Post(s)
My bikes are being burried with me so that I will have transportation in the afterlife. So are my cats, my servents (bike butler) and most of my treasure......
__________________
We are an empire. Use it wisely.
maddmaxx is offline   Reply With Quote
Old 11-17-08, 05:05 PM   #13
flan48
Senior Member
 
flan48's Avatar
 
Join Date: Dec 2007
Bikes:
Posts: 314
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 1 Post(s)
We modified our wills 2 years ago in order to protect our now 15 year old grandson. As his father, our son, has serious problems (which he refuses to address or really acknowledge), we feared that if he got everything he'd piss it away within 2 or 3 years and the little guy would end up with zilch.

Best regards
flan48 is offline   Reply With Quote
Old 11-17-08, 05:15 PM   #14
Retro Grouch 
Senior Member
 
Retro Grouch's Avatar
 
Join Date: Feb 2004
Location: St Peters, Missouri
Bikes: Rans Rockst (Retro rocket) Rans Enduro Sport (Retro racket) Catrike 559, Merin Bear Valley (beater bike).
Posts: 26,510
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 45 Post(s)
We have one but I think that it definitely needs to be done over.

My long range plan is for the last check out of my account to go to the undertaker and for it to bounce. Bingo! Problem solved.
Retro Grouch is offline   Reply With Quote
Old 11-17-08, 05:17 PM   #15
overthehillmedi
Senior Member
 
Join Date: Feb 2005
Location: Nanaimo.B.C. The We't coast of Canada
Bikes:
Posts: 1,287
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
No will but I have a way!
overthehillmedi is offline   Reply With Quote
Old 11-17-08, 05:22 PM   #16
arkansasgal
Senior Member
 
arkansasgal's Avatar
 
Join Date: Mar 2008
Location: Fayetteville, Arkansas
Bikes: Cannondale Synapse Carbon 5
Posts: 222
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
A will is very important if children are involved. Also, a health-care directive with a power of attorney. This is extremely important for singles. As for my "orange crush", I plan to wear it out. I am afraid I will need to get another bike before I go and can't imagine riding anything other than orange crush.
arkansasgal is offline   Reply With Quote
Old 11-17-08, 05:52 PM   #17
DnvrFox
Banned.
 
DnvrFox's Avatar
 
Join Date: Aug 2001
Bikes:
Posts: 20,916
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Not only a will, but trusts:

Durable Medical Power of Attorney x's 2
Special Needs Trust for my son with a disability.

Etc.
DnvrFox is offline   Reply With Quote
Old 11-17-08, 06:01 PM   #18
freeranger
Senior Member
 
freeranger's Avatar
 
Join Date: Jun 2005
Location: Kentucky
Bikes: 06 Lemond Reno, 98 GT Timberline mtn.bike
Posts: 1,014
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
I tried to will myself up a steep hill, but it was for nill!
But seriously folks, yes, a will and trust also-just in the last few months.
freeranger is offline   Reply With Quote
Old 11-17-08, 06:14 PM   #19
Garfield Cat
Senior Member
 
Garfield Cat's Avatar
 
Join Date: Oct 2004
Location: Huntington Beach, CA
Bikes: Cervelo Prodigy
Posts: 5,964
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 10 Post(s)
Yeah, the purpose of a will (and a living trust) is to settle stuff now, not dump the responsibility upon someone else.

How about a new thread for "willed bikes"? Can you imagine? All of us will be waiting for Digital Gee to die so that we can get our hands on the goods.
Garfield Cat is offline   Reply With Quote
Old 11-17-08, 06:28 PM   #20
DnvrFox
Banned.
 
DnvrFox's Avatar
 
Join Date: Aug 2001
Bikes:
Posts: 20,916
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by Garfield Cat View Post
Yeah, the purpose of a will (and a living trust) is to settle stuff now, not dump the responsibility upon someone else.

How about a new thread for "willed bikes"? Can you imagine? All of us will be waiting for Digital Gee to die so that we can get our hands on the goods.

As time goes on, all of us are getting just a bit closer to the grim reaper. Some here have already met him/her.

So, what WILL happen to those bikes?

They most likely will be of no use to your partner - and will probably be sold for next-to-nothing at an estate sale.

So, I think the best thing to do is for me to give you my address, and a guaranteed shipping and packaging payment, and you can simply have the widow or kids ship them to me, and I will gladly handle the problem
DnvrFox is offline   Reply With Quote
Old 11-17-08, 06:32 PM   #21
Digital Gee
I need more cowbell.
Thread Starter
 
Digital Gee's Avatar
 
Join Date: Jun 2005
Location: Reno, Nevada
Bikes: 2015 Specialized Sirrus Elite, 2012 Masi Evoluzione
Posts: 8,111
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by DnvrFox View Post
As time goes on, all of us are getting just a bit closer to the grim reaper. Some here have already met him/her.

So, what WILL happen to those bikes?

They most likely will be of no use to your partner - and will probably be sold for next-to-nothing at an estate sale.

So, I think the best thing to do is for me to give you my address, and a guaranteed shipping and packaging payment, and you can simply have the widow or kids ship them to me, and I will gladly handle the problem
That said, if shipping is cheaper to San Diego, you could have them sent my way instead.
__________________
2015 Sirrus Elite
2012 Masi Evoluzione

Proud member of the original Club Tombay
Digital Gee is offline   Reply With Quote
Old 11-17-08, 06:57 PM   #22
Retro Grouch 
Senior Member
 
Retro Grouch's Avatar
 
Join Date: Feb 2004
Location: St Peters, Missouri
Bikes: Rans Rockst (Retro rocket) Rans Enduro Sport (Retro racket) Catrike 559, Merin Bear Valley (beater bike).
Posts: 26,510
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 45 Post(s)
Quote:
Originally Posted by Digital Gee View Post
That said, if shipping is cheaper to San Diego, you could have them sent my way instead.
Don't know that you'd be interested, Deege. Most of my bicycles are painted black.
Retro Grouch is offline   Reply With Quote
Old 11-17-08, 07:04 PM   #23
RoMad
Senior Member
 
RoMad's Avatar
 
Join Date: Feb 2007
Location: Citrus county Fl.
Bikes: Litespeed Tuscany , Lemond Poprad, 1970's Motobecane Grand Record
Posts: 780
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
My wife and I have wills and we are in the process of udating them. As to my Litespeed, who cares what happens to it when I'm gone. I'm pretty sure upon arriving in heaven a new Litespeed will be waiting on me.
RoMad is offline   Reply With Quote
Old 11-17-08, 07:24 PM   #24
Velo Fellow
Senior Member
 
Velo Fellow's Avatar
 
Join Date: Apr 2008
Bikes:
Posts: 345
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
I'm single, 2 kids (12 &23) in college. Yes, a will is a good idea. All goes to my kids evenly.As for bikes....into the estate sale they go and I'm hoping they don't end up in a trailer park with the handlebars upended--- a handbuilt lovely in the hands of a mullet-head methie will trouble me for an eternity.

Having 2 daughters, as you do, a will becomes a necessity. Not to mention medical power of attorney, etc. Worth the bucks.
Velo Fellow is offline   Reply With Quote
Old 11-17-08, 07:32 PM   #25
Digital Gee
I need more cowbell.
Thread Starter
 
Digital Gee's Avatar
 
Join Date: Jun 2005
Location: Reno, Nevada
Bikes: 2015 Specialized Sirrus Elite, 2012 Masi Evoluzione
Posts: 8,111
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Curious...any of you use an on-line website to do your will? Seems like if it were a simple affair, that might be a low cost solution. But...is it a false savings?
__________________
2015 Sirrus Elite
2012 Masi Evoluzione

Proud member of the original Club Tombay
Digital Gee is offline   Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -6. The time now is 02:44 PM.