30 Oct 2010

Legacy Planning? Think Before You Store.

Often older married folks that are thinking about downsizing, look for a place to store legacy items without considering if the items being stored will have value when they pass to the next generation. They do not realize that items stored have built in obsolescence in our fast moving world so that even after a few years they are worthless. Take the example of a middle class retired couple that rented a Toronto storage locker for more than 15 years. When the children of the deceased couple opened their parents’ storage locker for the first time, they were taken back with items that they found. What greeted them were two 25 year old IBM XT computers with matching monitors, a Betamax video player and matching Betamax camera, 8 track tape player and a variety of tapes of the era prior to storing; old infant furniture; a Zenith 21 inch color TV, sofa, side tables, coffee table, lamps, books and accessories…

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