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From the Estate of Robin Olds

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  • From the Estate of Robin Olds

    Dear Friends of Robin Olds,

    This is being sent to everyone on my Air Force/Aviation
    > email list. If you
    > don't want to be included on this list for future
    > announcements, please do
    > NOT be shy about asking me to remove your name. At the same
    > time, please
    > forward this through your own lists, if you choose. This
    > will inevitably
    > result in several people receiving duplicate emails. Sorry
    > about that; 'tis
    > the way of our wonderful AF connections around the world.
    >
    > It has taken me a while to know how to compose this news,
    > but it's important
    > to let everyone know what's going on with my dad's
    > estate, which has been in
    > probate since he passed away on June 14th, 2007.
    >
    > Despite how this may surprise many of you, Robin Olds did
    > not own a house or
    > have any savings when he died. In fact, he was deeply,
    > deeply in debt - most
    > of it to the IRS. My sister and I learned at a very early
    > age to stay far
    > away from his desk during tax season as the growling and
    > colorful words
    > emanating from his den had us getting our homework done on
    > time and being
    > more well-behaved than usual. Despite the frustration and
    > struggle, Robin
    > always filed his own taxes. In his last decade, this task
    > became daunting as
    > the tax laws changed and he had to file expense reports for
    > the speech trips
    > he was making. I encouraged him to turn everything over to
    > a CPA or H&R
    > Block, but the challenge of getting it done was too much
    > fun for him to
    > ignore. In his last four years, he ignored filing tax
    > returns completely.
    > The IRS got the message - and how!
    >
    > It has taken me over a year and a half to unscramble
    > everything. In addition
    > to the IRS, my dad filled all his many credit cards with
    > the trips he was
    > taking 3-4 times a month around the country and spots
    > around the world to AF
    > reunions, dining-ins, give speeches at museums, go to air
    > shows, address
    > graduates at NATO, etc., and just plain be around his
    > "guys". He would go
    > anywhere he was invited, just to be back around the life
    > and the people he
    > had loved so much. I don't know how he thought he was
    > going to handle all
    > the expenses on his Air Force pension, but, God bless him,
    > I know he had a
    > wonderful time.
    >
    > Robin left precisely $10,000 in Veteran's
    > Administration life insurance to
    > split between me and my sister Susan. In his will, he
    > named me as Executrix
    > and before he died, he profusely apologized for leaving me
    > such a mess. We
    > had a good laugh about it. He also expressed deep regret
    > that he had never
    > pulled his memoirs together into any sort of book form. I
    > promised to finish
    > and write his book for him, which is what I did over a very
    > long year, with
    > the great help of Ed Rasmius as editor and co-writer. That
    > book is now at
    > the publisher's. The current plan is to publish spring
    > of 2010 but I won't
    > know that date for a while. Stay tuned.
    >
    > In my dad's will he left all of his papers and military
    > documents to the Air
    > Force Academy library. He left all of his physical
    > possessions and military
    > memorabilia to me and to Susie. During the last few months
    > of his life,
    > when I lived with him in Steamboat, we spent many hours
    > talking about the
    > dispensation of his papers and memorabilia. He wanted me to
    > give some of the
    > papers also to Air University at Maxwell AFB because that
    > library, along
    > with the Library of Congress, is the top archival
    > repository for historical
    > documents and is open to all for research. He wished
    > different pieces of
    > memorabilia to be donated to the Museum of Flight in
    > Seattle (American
    > Fighter Aces), the AF Museum in Dayton, the Mighty Eighth
    > in Georgia and the
    > Smithsonian's Air & Space museum in Washington DC,
    > plus many smaller museums
    > owned by friends around the country, and to individuals and
    > family members.
    >
    > When I moved out of Robin's rented house three months
    > after he died, I moved
    > all of his stuff into a rented, secure 10x10x8 storage
    > unit. Then I spent
    > from November of 2007 to December 1st, 2008 writing his
    > biography, as I had
    > promised. During that time, I dug into the two dozen boxes
    > of papers,
    > official documents, photographs, diaries and written
    > memoirs to complete the
    > tremendous research necessary to pull the book together but
    > I never took the
    > time to dispense any of the memorabilia, which remained
    > safely in storage.
    > Good thing!
    >
    > Now for the big news and the purpose of this email to all
    > of you: In order
    > to pay off Robin's debts, the Probate Court of Routt
    > County, Colorado
    > ordered me two months ago to start selling ALL of his
    > military memorabilia,
    > even the papers, in any manner I could. All proceeds go to
    > the Estate of
    > Robin Olds, supervised by the Court, NOT to me or to my
    > sister. I will be
    > eventually repaid down the line for funeral expenses and
    > out-of-pocket
    > expenses related to Executrix duties, but the vast majority
    > (IRS and credit
    > card debt) is around $70,000, with probate attorney fees
    > and creditor legal
    > fees climbing on top of that.
    >
    > Yes, it's a big mess, to say the least, but it's my
    > fiduciary duty to close
    > his estate. I've been working diligently (in addition
    > to my 'real' job at a
    > private Vail Resorts Club) to catalog, photograph and
    > describe the
    > collection, plus research the best way to sell. Various AF
    > groups have
    > offered to buy the whole lot and then auction off for their
    > profit, but what
    > they can offer comes nowhere near the amount it will take
    > to pay the debts.
    > As a result, I have decided to work with two online auction
    > houses:
    > www.rrauction.com (just autographs) and www.manions.com
    > (Manion's
    > International Auction House) to handle the entire
    > collection. The director
    > of Manion's is also a great fan of Robin's and a
    > 30-year expert appraiser of
    > military memorabilia.
    >
    > I've tested the waters slightly by consigning two of
    > Robin's pieces to
    > www.rrauction.com and any of you who may be interested
    > should check out the
    > current auction immediately. This auction closes May 13th
    > and I've been
    > remiss in getting this email out quickly. The two items
    > listed are under the
    > Space and Aviation section. #481 Air Force Book is a
    > beautiful leather bound
    > author's edition of "American Eagles", signed
    > by 39 Air Force greats,
    > including Gabby Gabreski, Bud Anderson, Tex Hill, Don
    > Lopez, Joe Kittinger,
    > Joe Engle and many more. The other listing is item #565
    > -"Great Moments in
    > Aviation History"-a stunning 1982 lithograph - the
    > first painting
    > commissioned by the Air Command and Staff College for the
    > Gathering of
    > Eagles. It depicts many aircraft circling between the earth
    > and moon, signed
    > by over a dozen famous aviators, including Curtis LeMay,
    > Joe Foss, John W.
    > Mitchell, Chuck Yeager, Neil Armstrong, Jimmy Doolittle and
    > Robin Olds, of
    > course! This is worth just logging onto the site to look at
    > it. I may
    > eventually consign more autographed lithographs to this
    > RRauction.com site
    > in the future. I still have over 20 lithographs at home.
    > Robin kept them
    > rolled up and stored in mailing tubes - all in excellent
    > condition.
    >
    > The memorabilia collection contains all his papers and
    > items saved since
    > West Point, including battle maps, commemorative silver
    > mugs, plaques,
    > awards, uniforms, flight suits, squadron patches,
    > photographs, scrapbooks,
    > autographed biographies, caps, monogrammed shirts,
    > insignia, official
    > (now-declassified) Pentagon reports and interviews,
    > diaries, letters, plus
    > well over 200 military history and aviation books, most
    > signed to Robin by
    > the author.
    >
    > If I tried to do this all by myself, I'd spend the next
    > two years listing
    > things online piece-by-piece, dealing with buyers and then
    > packing and
    > shipping. There's just no way for me to do that and
    > hold down my job or have
    > a life. Manion's International Auction House is going
    > to bring a truck and
    > pack and pick everything up, appraise each piece and list
    > as a special
    > "Robin Olds Collection" auction on their home
    > page, plus do a big media
    > announcement about the auction. The items are scheduled to
    > be picked up from
    > here the first week of June and will be online by the end
    > of June/first of
    > July. I will send out another reminder before that auction
    > goes online.
    >
    > In the meantime, I am listing several items on the
    > Manion's
    > "List-it-Yourself" store section of their website
    > starting Tuesday morning,
    > May 12 and will continue to add a few pieces a week as time
    > allows. These
    > are very specific to Wings, squadrons and USAFA and I'm
    > hoping that Robin's
    > former pilots and friends might want a piece of his
    > memorabilia for home
    > dens, basement bars or O-Clubs. Enter www.manions.com and
    > click on "Stores".
    > It will be listed as The Estate of Robin Olds.
    >
    > My dearest wish is to hold onto his framed medals, complete
    > with all their
    > accompanying certificates until the very last and then
    > donate them to a
    > museum. My sister and daughter and I will be keeping only a
    > few photographs
    > and one or two personal items each. That's OK.
    > There's no way to store all
    > of this. The memorabilia belongs with all of you. I'm
    > just sorry that I
    > can't give it away. It is sad for me to do this,
    > because of Robin's and my
    > plans to donate all, but it's also OK, because
    > there's just no way I could
    > handle storing and dispensing all of this over the years
    > ahead. I'm hoping
    > that some Robin admirers will purchase items and donate to
    > the many large
    > and small aviation museums around the country for tax
    > write-offs.
    >
    > At some point in the near future, I'll be launching a
    > website named
    > www.robinolds-fighterpilot.com. I am hoping to turn the
    > website into a
    > great, ongoing informational and fighter pilot community
    > site, with links to
    > squadrons, museums, forums and wings around the world.a
    > place where Air
    > Force and Aviation buffs can gather and talk to each other.
    >
    > If any of you have any suggestions on other ways to get
    > this done, please
    > feel free to let me know. In the meantime, wish me luck!
    >
    > Sending love and thanks to all,
    >
    > Christina Olds
    >

  • #2
    Re: From the Estate of Robin Olds

    Mishandled personal finances or not... that's just plain wrong!

    Paintboy, I think we might just have answered the question we were asking each other last night!

    Gen. Olds was a great national hero and a hell of a guy, had the pleasure of sticking a camera in his face for several minutes and meeting him later the same day at a party..

    I was on the announcer stand with his daughter and grand daughter a few years ago at Nellis and when they did the flyby with the Phantom done in his honor, it was hard not to cry with her..

    Wish I could personally help...
    Wayne Sagar
    "Pusher of Electrons"

    Comment


    • #3
      Re: From the Estate of Robin Olds

      Beyond any personal responsibility of Mr. Olds to pay taxes (we all do), I will say the IRS honors nobody, favors nobody and respects nobody. One of the most heartless branches of our government.
      Of course I'll need to post under an assumed name from now on...

      Recently watched a "Dogfights" program about him. Wow!!
      Leo Smiley - Graphics and Fine Arts
      airplanenutleo@gmail.com
      thetreasuredpeacock.etsy.com

      Comment


      • #4
        Re: From the Estate of Robin Olds

        Originally posted by Leo View Post
        Beyond any personal responsibility of Mr. Olds to pay taxes (we all do), I will say the IRS honors nobody, favors nobody and respects nobody. One of the most heartless branches of our government.
        Of course I'll need to post under an assumed name from now on...

        Recently watched a "Dogfights" program about him. Wow!!
        Yea, I hear ya... still just don't seem right when a guy like him goes out that way...
        Wayne Sagar
        "Pusher of Electrons"

        Comment


        • #5
          Re: From the Estate of Robin Olds

          General Olds was an amazing pilot and badass. One of my friends attended the Academy when Olds was in charge. He has some great stories about him. I had the honor of meeting Mr. Olds once, briefly. He was a no nonsense guy and you could tell you NEVER wanted have him on your six in "Scat".

          Olds wanted to fly in SEA and deliberately insulted and ticked off a General who threatened to send him to Viet Nam if he contrinued to piss him off. When he arrived he was brilliant in placing Junior officers that had experience in counrty in charge of strikes, while he flew on wing.
          His planning and execution of "operation Bolo" was masterful.

          He shot down 4 Migs in SEA and there's a rumor he actually waxed more, he credited other squad members with kills he made. He knew that if he made Ace, they would send him home. I heard from a couple guys that flew with him, but never heard of any actual hard facts.

          It's a shame that a national hero (at least to me) had to go out in that type of financial situation.

          Comment


          • #6
            Re: From the Estate of Robin Olds

            Robin Olds was the best, I know I served under his Command in the 8th TFW back in 1967.

            Comment


            • #7
              Re: From the Estate of Robin Olds

              Just further proof that this country needs to take better care of it's veterans.

              I will speak to my father and make sure the Evergreen museum is aware of these peices of history being in need of a home.
              Last edited by flyingjibus; 05-13-2009, 11:13 AM.

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