What happens to your assets if your entire family dies?

[General of Darkness]

Let's just say for the sake of argument that every single relative you know dies by EBOLA, or something like that.

Who assumes your assets?

[Serpo]

Dunno but JPM will probably be involved.....turn your old house into a packaged derivative

[crimethink]

Let's just say for the sake of argument that every single relative you know dies by EBOLA, or something like that.

Who assumes your assets?

The government, of course.

[Glass]

Most States have a Public Trustee. They handle it. Read the Will if there is one. If no one left or no will they usually make an assessment of the estate, present to a judge or maji of the FACTS, What the value is. that there are no other parties claiming administrator of estate. Get rubber stamp for Trustee to Administer. Administer it into the state coffers. Maybe some gets greased to the Feds.

[Norweger]

edit: nevermind. read the topic wrong.

I would assume the state inherits them. They will probably sell it all of at some rigged auction which only a few know of or have an estate sale, maybe a parasitic auction house will have it all.

Saw a youtube video a while back from an estate sale where an elderly korean couple had died of carbon monoxide poisoning. The only relatives they had lived back in Korea and everything was up for grabs as the relatives could not come over and pick it up. Even personal items like photo albums, computers and that sort were for sale.

I also know of a famous Norwegian coin collector who had no relatives so the collection ended up sitting in the office of a lawyer where anybody could just go in and grab whatever they wanted. We are talking about coins that there only exists one known example of and now we only have photos left. Historically important pieces, gone.

[crimethink]

nevermind. read the topic wrong.

I would assume the state inherits them. They will probably sell it all of at some rigged auction which only a few know of or have an estate sale, maybe a parasitic auction house will have it all.

Saw a youtube video a while back from an estate sale where an elderly korean couple had died of carbon monoxide poisoning. The only relatives they had lived back in Korea and everything was up for grabs as the relatives could not come over and pick it up. Even personal items like photo albums, computers and that sort were for sale.

I also know of a famous Norwegian coin collector who had no relatives so the collection ended up sitting in the office of an lawyer where anybody could just go in and grab whatever they wanted. We are talking about coins that there only exists one known example of and now we only have photos left. Historically important pieces, gone.

In the majority of cases, when someone dies, there is no will. And in such cases, the looting begins. Doesn't matter if there is family or not. The looting is done by the family, and/or the state. Most people I've known who have died had the vultures come swooping in before the body is moved. Only in a small percentage of cases do people give proper dignity to the deceased, including respect of their belongings.

Some of my colleagues in Sacramento were with the Public Administrator's Office. Their job was to administer the estate of all "no-next-of-kin" deceased (everyone has an estate, even the homeless guy with the cardboard box). In many cases, it cost more to deal with the remains than there was recoverable assets (no-frills cremation). Other times, however, there was a pile of assets that were split between the county and the state.

[midnight rambler]

The state, of course.

Government implies the people.

[chad]

goes in to a probate account. then lawyers use up about 75% in fees and court dates with the state determining what happens to it. after it's all said and done, it buys lawyers lake houses and boats.

[midnight rambler]

goes in to a probate account. then lawyers use up about 75% in fees and court dates with the state determining what happens to it. after it's all said and done, it buys jooish lawyers lake houses and boats.

That's the most accurate portrayal of what generally happens.

[Glass]

old saying, where there's a Will there's 100 people with their hand out.

[palani]

Your property then becomes abandoned. Abandoned property must be abated by the first responsible man or woman to discover it. It gets seized and a notice put in the paper for anyone with a claim to present that claim, pay expenses and get their property back.

You seize the property as a trust. You take care of it. There are costs associated with taking care of property. You aren't permitted to sell that property or otherwise dispose of it until a certain time has elapsed and a number of attempts have been made to locate the owner.

*** If the person who first discovers or seizes your abandoned assets is a court then you might see more official terms like PROBATE suggested but the process is the same.

[Ponce]

$25,000 to my dog and cat......my X .......3 friends......and to hell with the rest......but they will probably die before me, so, the government?

V

[chad]

$25,000 to my dog and cat......my X .......3 friends......and to hell with the rest......but they will probably die before me, so, the government?

V

make sure you put me in there for 1 ounce of silver. i'll put you on the mantle.

[palani]

Deep thought(s) for the day.

Consider your assets to be an abandoned storage locker. Society permits the operators of these commercial facilities to auction off the contents for expenses.

Civilization is but one big storage locker.

What happens to acorns when squirrels abandon them?

Nature makes oaks out of them.

[General of Darkness]

So EBOLA is the perfect weapon to annihilate a population and steal everything, kinda reminds me of the Fed admitting they created the depression in the 1920's and it made the people at the top massively rich.

[palani]

it made the people at the top massively rich.
Those weren't people. They were corporations. People don't get rich. They survive.

[mick silver]

come on now general ............ the welfare whores

[Hitch]

If you and your whole family dies...who cares what happens to your assets. You can't take anything with you.

One comforting thought though, is someone in the future will dig up some shiny silver and gold coins and smile when they see them. All the digits in the system get gobbled up by the vampires.

[palani]

Perhaps it should be pointed out ... you have no heirs until the death certificate is issued. No one living has heirs. Heirs are designated for the dead only and the living have no place considering the topic ... even if the heirs are intended to be dogs and cats.

[crimethink]

If you and your whole family dies...who cares what happens to your assets. You can't take anything with you.

It's probably a philosophical concern that the government or some other undeserving entity does not get hold of what you worked hard to earn. Perhaps it seems senseless in the midst of terrible tragedy, but some (including myself) are often fanatic about ideals. I'd rather my "stuff" go to the homeless as a free for all than the criminal regime that rules this society.

[mick silver]

are general you could just put me in your WELL plus I have some land for your dogs to run around on

[Hitch]

I'd rather my "stuff" go to the homeless as a free for all than the criminal regime that rules this society.

You are a good man, crimethink. I'm glad you give your time to this forum.

[palani]

You are a good man,
He is a true Jewel and a treasure to this forum.

[Hitch]

He is a true Jewel and a treasure to this forum.

Intentions Palani, we will all never agree on any one thing. I believe it's a man's intentions that make the biggest difference in life.

[Serpo]

The servant king guy reckons we own nothing anyway ,not even our name

http://servantking.info/index2.html

[crimethink]

The servant king guy reckons we own nothing anyway ,not even our name

http://servantking.info/index2.html

Ultimately, fundamentally, that is correct. Not even our own name. Our names and associated identifying information is sold to marketers for a fraction of a dollar, as low as 15 cents.

Nonetheless, use the System against itself, and make it hard for them to take control of "your" stuff.