The Ford Barn - View Single Post

tubman · 03-03-2020, 04:07 PM

Better an "unscrupulous" enthusiast get them for scrap price than a scrapper.

In either case, it is the heirs responsibility to make even a modest effort at determining the value of the estate. It is their responsibility under the law (at least in Minnesota). If they are so lazy that they wouldn't bother to value, say, a complete set of Ardun heads, they deserve what they get. The same applies if they sell a pile to scrapper for $20 that they could have sold to an enthusiast for $500. In the latter case, depending on the number of heirs involved, they may even be guilty of abandoning their fiduciary duty under the terms of the will.

03-03-2020, 04:07 PM	#5
tubman Senior Member Join Date: Dec 2013 Location: Minnesota, Florida Keys Posts: 10,312	Re: Dealing with the heirs on '32 parts ect. Better an "unscrupulous" enthusiast get them for scrap price than a scrapper. In either case, it is the heirs responsibility to make even a modest effort at determining the value of the estate. It is their responsibility under the law (at least in Minnesota). If they are so lazy that they wouldn't bother to value, say, a complete set of Ardun heads, they deserve what they get. The same applies if they sell a pile to scrapper for $20 that they could have sold to an enthusiast for $500. In the latter case, depending on the number of heirs involved, they may even be guilty of abandoning their fiduciary duty under the terms of the will.