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 Replies: 312 / Views: 20,806 |
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Valued Member
United States
313 Posts |
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I just got the sad news that Bill Langs passed away. I did not hear any details. Regardless of what you thought of Bill, I really hate losing someone from the hobby. My condolences go out to his family and loved ones.
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Pillar Of The Community
United States
7394 Posts |
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Valued Member
United States
9 Posts |
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Pillar Of The Community
United States
511 Posts |
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reedededge I agree with your statement and echo your thoughts for his family. |
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Moderator
9267 Posts |
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Pillar Of The Community
3422 Posts |
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Eventhough I wasn't a customer of his and I never did meet him, I couldn't help but admire the fact that he always had philatelic material that no one else had. I came across his listings many times while searching for research information. |
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| Edited by jogil - 07/09/2020 4:54 pm |
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Pillar Of The Community
6150 Posts |
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Pillar Of The Community
United States
7406 Posts |
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I suspect it will be a while before anything happens. How much was actually owned, how much was on consignment and from whom, joint ownerships, unpaid auction inventory, etc, |
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Valued Member
United States
457 Posts |
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He did have a heck of an inventory.
I assume he lived in New Jersey where his business was located.
Stiff inheritance tax once things get sorted.
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Valued Member
United States
257 Posts |
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While I have never met Bill in person, I have purchased material and spoke with him in phone conversation. I found him professional and and sorry to hear of his passing. May he Rest in peace, and enjoy the fact that he had some awesome material at times. |
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Thanks,
Robert |
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Pillar Of The Community
United States
2572 Posts |
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"I suspect it will be a while before anything happens. How much was actually owned, how much was on consignment and from whom, joint ownerships, unpaid auction inventory, etc,"
That understates how complicated things are. |
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Pillar Of The Community
United States
5152 Posts |
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Yeah... I'm guessing it will be a difficult knot to untangle, at least based on stories I've been told by numerous sources over the years as to how he worked with auction houses, consigners, etc. |
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Pillar Of The Community
United States
2997 Posts |
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I had purchased items from him for a brief period but when he changed his policy on refunds for expertising fees (had to be $100+ item) I went elsewhere. He seemed to have some special relationship with Stu Katz. |
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Al |
| Edited by angore - 07/10/2020 06:30 am |
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Pillar Of The Community
United States
7406 Posts |
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"I suspect it will be a while before anything happens. How much was actually owned, how much was on consignment and from whom, joint ownerships, unpaid auction inventory, etc,"
"That understates how complicated things are".
I have no doubt that is true, I was just pointing out that it WILL be complicated. |
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Valued Member
United States
34 Posts |
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"Stiff inheritance tax once things get sorted."
If he was married (I have no idea) his spouse inherits his estate tax free. If he had a spouse and didn't leave the entire estate to the spouse then estate tax might be an issue but this is not a tax forum. |
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Pillar Of The Community
United States
2997 Posts |
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If his company was incorporated, would not the assets be owned by the corporation? |
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Al |
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Replies: 312 / Views: 20,806 |
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Posted 07/09/2020 2:13 pm
