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[collection] friend left his collection with me and passed away. (alien.top)

submitted 1 year ago by No_Rent_6845@alien.top to c/watches@style.land

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He’s also my business partner. He kept his watch collection with me since his wife doesn’t allow him to buy watches and made me promise not to ever tell his wife about them. Not only because she doesn’t like it but also because she will definitely ask him to sell them and probably spend the money on clothes and traveling like she often does.

He lets me use the watches in the condition that I don’t cause any damage. But now that he passed away it doesn’t feel right any more.

His watch collection is worth about 200K$ in todays market. I think the lawful and ethical thing to do is to break the promise and tell his wife but I’m not sure that’s the right thing to do since he made me promise not to tell her.

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[–] sorewrist272@alien.top 1 points 1 year ago

Sorry for your loss. You should probably speak with a lawyer to clarify the legal and tax situation.

Ethically, if you're worried about breaking your promise or the wife being upset about him having bought expensive watches, you could sell the watches (or chip in market value yourself, if you want to keep any) and then give the money to the estate. I imagine the wife would be happy enough to hear if, for example, your friend had made about $200k of additional provision for her in case he died. I don't know what the legal implications of this would be, though