NORTH ADAMS, Mass. — The Police Department oversaw what could only be described as a "steal" on Saturday morning.
The department auctioned off nearly 100 items, mostly bicycles, at the Armory for prices that rarely bumped past $5.
Auctioneer Roy Burdick of the town of Florida swiftly pushed through a listing of adult and children's bicycles that included Rands, Huffys and Schwinns. A practically new Diamondback worth hundreds went for around $50 but most went for a couple bucks.
A number of other items like scooters, kayaks, jewelry and small appliances were also sold off.
The department's Mary Ann King said the inventory came from lost and found and evidence. Most had been in police custody for a couple years. The last auction had been in April 2015.
"Some of these bikes are new," she said. "I don't understand why people don't come looking for their bikes."
A few dozen people gathered at the back of the Armory for the auction, which lasted about an hour. A couple dozen bikes failed to find owners and were being sold off as a lot. King bought up a few for $1 apiece to give to the bike group headed by Amanda Chilson so they could be refurbished and donated to children.
The money raised from the auction goes to the city to be used by the Police Department for community events.
"It helps us fund things like National Night Out," King said.
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Estate Plans Can Help You Answer Questions About the Future
Submitted by Edward Jones
The word "estate" conjures images of great wealth, which may be one of the reasons so many people don't develop estate plans. After all, they're not rich, so why make the effort? In reality, though, if you have a family, you can probably benefit from estate planning, whatever your asset level. And you may well find that a comprehensive estate plan can help you answer some questions you may find unsettling – or even worrisome.
Here are a few of these questions:
* What will happen to my children? With luck, you (and your co-parent, if you have one) will be alive and well at least until your children reach the age of majority (either 18 or 21, depending on where you live). Nonetheless, you don't want to take any chances, so, as part of your estate plans, you may want to name a guardian to take care of your children if you are not around. You also might want to name a conservator – sometimes called a "guardian of the estate" – to manage any assets your minor children might inherit.
* Will there be a fight over my assets? Without a solid estate plan in place, your assets could be subject to the time-consuming, expensive – and very public – probate process. During probate, your relatives and creditors can gain access to your records, and possibly even challenge your will. But with proper planning, you can maintain your privacy. As one possible element of an estate plan, a living trust allows your property to avoid probate and pass quickly to the beneficiaries you have named.
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