Plans for your car after you die

BSB67 said:

I truly don’t care what happens to the cars. In a perfect world they will go to someone that will enjoy them. I don’t suspect they will be worth much by then.

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Sounds like I meet the criteria!

Budnicks said:

No will (?) then it's all going to probate, government red tape,
held up at a min.
a probate court/specific lawyer will determine the outcome,
or division of real property

unless he/they starts to give it away before he's gone...

that's a smart move too, avoid all the lawyers & courts
before your gone, see them enjoy it or happy too
or pissed you didn't give them 'crap'

People if you haven't already I'd suggest doing a will & testament
or an Living Trust, it will help avoid the court/mandate crap
otherwise it's going to probate still
spend the $600+ now, get a lawyer to draw it up
& do a living trust, w/revokable trust, so it can be changed
if someone pisses you off

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This reminds me, years ago so things may have changed, my brother killed himself with no will behind, just weird notes everywhere. In what seemed like a last minute note near the scene he wrote that his Mustang (a 92 4 banger) goes to me. I had to fill out a probate form at the DMV and wait while they investigated and checked if anyone disputed it, then I got the pink slip. I think it was only like a month or so for the whole process. I drove it for a little while and then gave it to a friend that needed a DD and he used it for years.

I was planning on building more storage space, and getting more cars. But after reading all five pages of this. I'm thinking I might be better off saving the money and just stick with the cars I have. I better go read a good restoration thread, get me back in the mood to buy more cars.

My wife and I talk about this from time to time. We don't have kids or any family that would have a clue what to do with old cars. If any of them do express sincere interest, they can have them when the time comes. I hope the next owner(s) will enjoy and take care of them but don't think I'll lose sleep worrying about what happens to them.

My wife knows about what the cars are worth. If something happened to me she would probably move by her sister. She would be able to take her time selling this property, the cars, etc if she wanted to. Or she might just sell it all off for what she can get and be done. The difference between a peak market sale and a quick one at a discount won't make or break her retirement portfolio.

Assuming we stay healthy, we'll still want to downsize our house/property at some point. The cars will likely go at that point. Just turned 61 so hoping for at least 14 more years. I'd like to retire within 2 years and have some time to enjoy what we have before we divest.

71RRHI said:

I was planning on building more storage space, and getting more cars. But after reading all five pages of this. I'm thinking I might be better off saving the money and just stick with the cars I have. I better go read a good restoration thread, get me back in the mood to buy more cars.

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That made me chuckle Dave.