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Frank Cotolo
September 11, 2014 |
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It's very important that when you die you leave behind a Last Will and Testament. After all, you
can't take it with you, or you can if it is buried with you but then why write it in the first place?
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You write a Will in the first place because you want certain people to receive property you want
them to own, as opposed to having them auctioned in a Sheriff's sale or having the Sheriff take
them home for himself (and maybe his family).
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Stuff that was your stuff before you died may or may not have street value but then again it is
according to the value of the street where you live (I have often walked down that street
before...). But personal value is more important than the sale value of stuff because people
remember you most based on the stuff you owned.
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Take James Caravan, a man I knew who owned a sterling silver bow and arrow set. He was always
showing everyone his sterling silver bow and arrow set and everyone knew him as Jimmy, the guy with
the sterling silver bow and arrow set. He had no family but he had a lot of friends, especially
after he showed people his sterling silver bow and arrow set. James loved his sterling silver bow
and arrow set and when he died in a hunting accident his will allowed his sterling silver bow and
arrow set to be his legacy, going to someone he was sure would care for it and cherish it.
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Had Jimmy been without a Will, his sterling silver bow and arrow set may have gone to someone who
cared nothing about a sterling silver bow and arrow set. Someone like me, for instance.
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Not everyone has a sterling silver bow and arrow set (if you do have one and know me, please do not
leave it to me in your Will) but you may have other property that you feel only certain people
deserve to have given to them when you die.
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Perhaps you should do an inventory of your possessions
and begin to decide who would get what items. Do this even if you feel well and there is a low risk
of death at the moment (of course, remember that sudden death kills more people than any other kind
of death).
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