Estate Planning and the Old VWs

[skills@eurocarsplus]

[Manfred58sc]

Collect and horde till your final days, leave no clear plan or direction, expire and let the family have a big auction after cherry picking what they want ( and fighting over it). Its the American way. Having worked in the estate liquidation business over the years, the best thing to transmit is cash not possessions. Its late in the game for ICE powered cars anyway, its sort of like asking "who will take my horse and buggy" in 1910. I'll make damn sure everything I own is liquidated before my demise.
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Fat chick owner/operator

[Abscate]

Even if current plans to go EV exclusive by 2035, which they won’t, it will take 30 years to wind down the inventory of real cars.

By then I’ll be 115 so I’ll be sucking on kale shakes with skills laughing down at all the windup toys from Heaven.
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.ssS!

[crukab]

[skills@eurocarsplus]

[Abscate]

Mmmm, trout and beans at skills house in 2021.

Try the kale, too.
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.ssS!

[AirHead1966]

My professional (not legal) advice as an attorney, talk to an estate planning attorney to make sure that your family is able to get what is appropriate after you die.

Remember, the cars mean something to YOU. They will not mean the same to anyone else.

You will be dead, don’t try to tell your heirs what they should do with the crap you accumulated. Leave your heirs money, not rusty junk.

[Glenn]

[EverettB]

[ALLWAGONS]

[Abscate]

I’ve got a scrap steel place ten minutes from the house that gives me more than the plonkers in VW world want to pay. Ezpz
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.ssS!

[Glenn]

[skills@eurocarsplus]

[FritzCP]

Hold an auction when you die. Let your kids and relatives bid on whatever cars and parts and other stuff they want, no cherry picking before hand.

Its easier and fairest that way. They decide what its worth to keep it, and its sold immediatly if they dont want it. The money goes into the pot to be split with the rest of the inheritors after the auction. Chance of fighting over stuff and theft goes down considerably.

25 years ago I watched my Grandparents burden their 5 kids with 5 acres of a 40 year collection of classic cars, car parts, junk cars and accumulated junk upon thier death. It took a 1.5 year span to clean the property enough to even hold an auction for the rest of it. A couple of my uncles snagged a bunch of stuff as they were cleaning, and never threw the fmv of it into the inheritance kitty. And in the end, the auction only brought 25% of estimate and there was 1 car that all the kids wanted but nobody would actually pony up and pay for. finally 1 Aunt took it and fought for it legally. 3 of the 5 kids are on non speaking terms since 1999 over a lifetime of thier parents "stuff".

I told my parents Im not dealing with their junk. I tell them monthly to start selling, start cleaning and start prepping for the sell off. They are healthy enough now to do it themselves, a little at a time. I told them when they go, Im hiring an auction company so sell it all as is where is, and im cleaning out thier bank account. Im not stepping foot in the house again. Im not sorting through thier lifetime of garbage, and im not putting thier grandkids through what i watched happen to them.

Auction it, get rid of it all. Let the kids spend the money however they want and accumulate thier own hoards of whatever interests them. If you think you need to put it in some kind of trust to babysit the money, or dole out a little each year, you not doing a very good job teaching them the life skill of how to manage money while you are still alive.
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Fritz Custom Products
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Well said Fritz.