SPEAKER 01 : 0:04

Welcome to Mobile Estate Planning with your host, Michael Bailey. Over a decade ago, attorney Michael Bailey turned his attention to estate law after he recognized the unacceptable number of adults without proper end-of-life planning. Michael recognizes that many of his clients have difficulty finding the time for making a proper estate plan. That’s why he became the Mobile Estate Planner. He will go to wherever you are to assist you with your estate planning, including writing wills, trusts, and giving you the information you need to avoid probate. Now, ATX, Ask the Experts, presents Mobile Estate Planning with your host, Michael Bailey.

SPEAKER 02 : 0:56

All right, good afternoon. Welcome to Mobile Estate Planning with Michael Bailey. So we can do something besides just leave your family alone. You are listening to KLZ 560 AM or 100.7 FM or possibly the KLZ 560 radio app. Phone number to talk to me on the air is 303- And again, that’s 303-477-5600. And my direct line is 720-394-6887. And once again, that’s 720-394-6887. So, it is October. Yay! So exciting. When it turns to October, I have some orange dress shirts that I can wear and I have my Halloween tie. So today I have a Halloween tie. There’s a black cat at the bottom and the shadow of a black cat, which is also black. And then as we go, there’s a path and there’s a haunted house and there are three awfully friendly looking ghosts. There must be Casper-like type of ghosts. And then I have a full moon and some bats on my tie today. Now, I have several different other Halloween-themed ties. I have one that has a… grim reaper on it and one that has a headless horseman. And I have one that has a witch and some bats and then some spiders. And then I have a Dracula’s castle tie. So I have accumulated over the course of my life several different ties. And I was at an office today and one of the managers was like, so how many ties do you have for various holidays on average? I said, well, it kind of depends on the holiday. For St. Patrick’s Day, I have one tie. It has four leaf closures, has the shamrocks on it. That’s all I got. For Valentine’s Day, I have two different ties. I have one that’s white with pink hearts, and I have one that’s black with pink hearts, or black with pink and red hearts. But these are one-day holidays, so you’d think that there’s not really a St. Patrick’s Day season. Valentine’s Day, I guess there’s a Valentine’s Day season, but it’s not quite the same. And then, you know, for Independence Day or the 4th of July, I have a couple of different ties that have, like, flags on them or one’s got a flag and one has a constitution on it and one has just, you know, stars and stripes on it. And so, you know, but those can be used for both Independence Day and for Veterans Day and Memorial Day and Labor Day and, you know, all of those type of holidays. And, you know, Halloween, I’ve got five or six, just kind of accumulated them. And they’re like, but how about Christmas ties? I’m like, well, Christmas ties, I probably actually have like 35. And I didn’t necessarily mean to end up with more ties than there are days in December. But the nice part about Christmas ties is that I have found if you buy a Christmas tie on the 26th or the 27th or the 28th of December, they’re not nearly as expensive as on the 20th, 21st, 22nd, 23rd, and 24th. So many of my Christmas ties I have obtained for a dollar or two or three. And then I had reached the maximum number of Christmas ties that I needed and I was good. And then people started giving me Christmas ties for like Christmas presents or, you know, someone’s like, oh, I found this really cool tie. I thought of you, so I’m going to send it to you. So that’s how I ended up with more than more ties than there are in the days of December or days in the month of December. Yeah, that made sense. Anyhow, so, you know, I have all these ties and many of the ties that I have, including the one that I’m wearing right now, were ties that I, several years ago, I was walking to my children’s elementary school for an October kind of festival Halloween thing. And I walked past a garage sale and the gentleman holding the garage sale said, had been a banker for a lot of years, and he had just recently retired. So he had all sorts of cool ties, and he was selling them for $3 apiece. I’m like, all right, cool. So that’s how I ended up with a lot of my cool ties that I like. It’s one of those things where I’m just not that rich anymore. You know, I mean, Luke will refer to me as money bags, but they’re mostly empty money bags. If I have a money bag, it’s an empty bag, and an empty bag is not worth as much as a full bag would be. And so, you know, I’ve accumulated, you know, fun ties and nice ties, and they’re still the high-quality ties, you know, and they’re not the kind of 70s polyester bags It could be used as a bib type of ties that my dad used to wear when he was in college. I’m sure there’s many listeners out there who remember the big, wide ties. You’re like, yeah, you could take it and use it as a bib or a napkin. I’m like, yeah, that’s not necessarily my style. But I have this collection of ties. I have ties that have the Broncos logo on them. I have ties that have the Denver Nuggets logo. I have ties that have the Colorado Avalanche logo. I don’t have any Colorado Rockies ties. I have a couple of Colorado Rockies shirts, but Colorado Rockies ties just… Never found one. Maybe I’ll get one if they, I mean, I hear they let their general manager go and are looking for somebody new. But if they get back to winning and go back to a World Series, maybe I’ll buy a Colorado Rockies tie just to have one. But people were like, oh, I only have like one or two ties. I’m like, yeah, I have a bunch. But then again, I wear a shirt and a tie every day for work and then on Sundays for going to church and sometimes on Saturdays when I’m doing church stuff. So I wear ties most of the days of the year, if not all of them. And so for me, it’s part of my work uniform. It’s part of what I do. And so I’ve accumulated all these ties. And now that my son is 13 years old and he will wear a shirt and a tie when he goes to church, he comes in Sunday morning into our room and goes into the closet and picks out a tie and takes it and he wears it for the day and then he’ll come in, he’ll lay it down on my dresser so that i can put it back where it goes and i’m like it works out great this way i haven’t had to buy him any ties because he’s kind of got the uh the store of dad to be able to get the ties from and it works out and it’s all good but so i have a collection of ties that is larger than most people’s collections of things or margin probably larger than most people’s collections of ties And, you know, I keep them hung up and every once in a while one will get, you know, too dirty or it’ll get, you know, it starts to get old and wear out and get like holes on the side of it. And I’m like, oh, well, it’s time to get rid of this tie. And so you are listening to Mobile Estate Planning with Michael Bailey here on 560 KLZ AM, also heard on 100.7 FM or the KLZ 560 radio app. Phone number to talk to me on the air is 303-477-5600. And again, that’s 303-477-5600. And my direct line is 720-394-6887. And once again, 720-394-6887. So collection of ties, is it really super awesomely valuable? Do I have collector’s ties? No. I just have ties that you wear. Maybe there is such thing as a collector’s tie. I don’t know. I don’t know that there’s collector’s cars, there’s collector’s stamps, there’s collector’s There’s guitars, there’s collectors, all sorts of things that are collectible and kind of in value. My ties are just kind of fun. The office that I use for my office is an office share executive suites type of arrangement and I travel between the different offices and one of the things that they’ve started doing over the last several years is when I wear my Christmas ties, it’s almost a contest between the managers of the office of who can take a picture of my tie and they send it out to their group chat so that they can see whatever tie that Michael Bailey is wearing. And I’m like, well, I guess I’m tie famous. There’s famous famous. There’s real famous. There’s Instagram famous. There’s, you know, internet famous. Apparently I’m Thai famous. I don’t know if that’s really a thing. Maybe I just made it up. I don’t know. But, you know, everybody wants to see which Thai. And so they did that. And then, you know, for Independence Day they wanted to take pictures of the Thai. And, you know, today I had to take a picture of the Halloween Thai. And, you know, my ties, they’re really not super valuable. They’re not like, oh, I’m going to go sell my tie collection for $3 million and retire. I mean, that would be nice if suddenly ties were something that were super valuable, then I’d be rich in the ways of tie, but I’m not. But there may come a time where I have a garage sale and put many of my ties out for sale. Or there may come a time when I was 19 years old, I went off on a mission for my church. And I took, you know, suits and ties and everything with me because missionaries for our church wear suits and ties. And, you know, that’s their dress code all day, every day, except for when they’re, like, shopping for groceries and then they’re allowed to wear normal clothes. Even then, you’re like, okay, so maybe I’ll pass some of my tithes on to my son who can take them out. I mean, I had taken several tithes with me to Russia where I served as a missionary, and a few of them just got so beat up that I did not bring them home. I discarded them, or I would actually have a— when I left a city just to celebrate leaving a city because I served in three different cities— I would put on a tie and I usually would, I would put some, I would tape some matches to the bottom of the tie and I would burn the tie, you know, kind of almost like a, you know, from the Iliad where they would burn the ships to, you know, motivate the warriors to fight and win because they couldn’t retreat. And so, you know, just, you know, an old dead tie, I would burn it just for fun as I’m going away. And, you know, I would, you know, take pictures of me wearing a burning tie, you know, silly things, silly things like that. Well, and if I get to the end of my life and I have a whole bunch of ties left in my tie collection, at that point, I hope to have grandchildren and great-grandchildren possibly who might like the ties. I mean, I always thought it was fun to go get a tie from my dad’s closet or my son likes to go get a tie from my closet to wear. so at that point i will have a collection of ties and i might be able to you know if somebody comes and says hey grandpa i really like your um you know grim reaper tie when you die can i have it i’d be like sure and those type of things are things that you can put into your estate plan now you don’t necessarily need to have you know you don’t need to list everything out in