| Author |
 Replies: 140 / Views: 8,271 |
|
Valued Member
United States
308 Posts |
|
|
|
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.
|
|
Send note to Staff
|
|
|
|
|
Pillar Of The Community
United States
6986 Posts |
|
|
Valued Member
United States
9 Posts |
|
|
Valued Member
United States
436 Posts |
|
|
reedededge I agree with your statement and echo your thoughts for his family. |
Send note to Staff 
|
|
|
Moderator
8491 Posts |
|
|
Pillar Of The Community
3345 Posts |
|
|
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. |
|
Send note to Staff
|
| Edited by jogil - 07/09/2020 4:54 pm |
|
|
Pillar Of The Community
4926 Posts |
|
|
Pillar Of The Community
United States
7014 Posts |
|
|
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, |
|
Send note to Staff
|
|
|
Valued Member
United States
376 Posts |
|
|
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.
|
|
Send note to Staff
|
|
|
Valued Member
United States
256 Posts |
|
|
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. |
|
Send note to Staff
|
Thanks,
Robert |
|
|
Pillar Of The Community
United States
2402 Posts |
|
|
"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. |
|
Send note to Staff
|
|
|
Pillar Of The Community
United States
4938 Posts |
|
|
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. |
|
Send note to Staff
|
|
|
|
Pillar Of The Community
United States
2854 Posts |
|
|
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. |
|
Send note to Staff
|
Al |
| Edited by angore - 07/10/2020 06:30 am |
|
|
Pillar Of The Community
United States
7014 Posts |
|
|
"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. |
|
Send note to Staff
|
|
|
Valued Member
United States
34 Posts |
|
|
"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. |
|
Send note to Staff
|
|
|
Pillar Of The Community
United States
2854 Posts |
|
|
If his company was incorporated, would not the assets be owned by the corporation? |
|
Send note to Staff
|
Al |
|
|
Replies: 140 / Views: 8,271 |
|
Posted 07/09/2020 2:13 pm
