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ToocoolZ28

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What happens to your car stuff when you die? Cars will be sold probably but tools, memorabilia, car books, parts, stuff like that. Have you made plans for it? Who would want all your tools and the usual stuff?
I really hate to see a big garage sale when a car guy dies but I guess there isnt any other choice. I have a LOT of tools and would hate to see them sold on CraigsList or some place like that.
Anybody made any plans?

BTW, I dont plan to die anytime soon, but you never know.......
 
I really don't know.
The 70 conv is actually my wife's car, I just wrench on it and "road test" it. Sometimes I have to drive it all the way to Tennessee to make sure the wrenching was done properly. :D So it will be her decision as to what happens to it.
The 51 will probably be returned to Mother Earth by then (it's almost pure rust now).
The Cutlass is questionable.
NO ONE deserves the 56 Vette! When I can no longer drive, I going to pour gasoline all over it and light it (seriously).
As of now, there is only about 6 of us who are very knowledgeable about the old Rochester fuel injection units and I have accumulated a ton of FI stuff including a manometer for making adjustments. I don't really get concerned about what happens to it.
The tools and memorabilia is only stuff that was of interest to me personally, so it probably won't be of that much interest to others.
My oldest son will probably get the guns and the solid walnut gun cabinet I made in the cabinet making classes during college.
 
I dont care, doesnt matter at all. Because I will be dead. Wife can do with it whatever she pleases. If she is gone too then I really dont care because the only thing I really care about in the world will be with me.
 
Good point Ron, my oldest son is in charge of my estate. I need to do an inventory of everything and include a current market value. when the time comes he will at least have some baseline to work from. All proceeds go to supporting Mary if she outlives me, after that the kids can split what is left amongst themselves.
 
My son Chris gets the cars, he has as much sweat in them as I do. My son and daughter will get first shot at the tools, they're both very seasoned around the garage. Then I have 4 nephews all auto techs and drag racers they get the rest. None of it will be wasted.:thumbsup::beers:
 
Been working for a couple years selling off collectables (all kinds) thru Ebay and other sources. My daughters don't care about "stuff". Their husband/fiance care only about video games. I figured it was better to sell 90% of it now for the going price then to see it all in an estate auction and selling for pennies on the dollar. That takes care of small stuff.

If my brother is alive he can take any tools he wants. He has as much as I do and is faced with the same dilema. After my brother takes what he wants, my stepdaughter's husband can come and get it all. He is a good friend and can use everything I have.

Each daughter is to get one car, if they want it. If they don't want one, my brother will buy them for a pre-determined price, and they will get the money. My brother can sell or keep them.

I have an up to date will that takes care of my wife and kids. I also have a separate listing of property and who it is to to. This document is notarized and accompanies my will. It is legal and binding to all parties.


Lastly my broker has a list of all investments, insurance and property arrangements. He can start the ball rolling on the legalities. You can avoid probate for your kids in some instances. Investment accounts can be "TOD" accounts and can go to your heirs without going thru probate. Still taxable, but much easier.

I went thru a nightmare when my Mom died and I had to put my Dad in a nursing home (alz). I had great help from my broker and I learned to not put off estate planning.
 
This subject represents a real dilema for me that I've been unable to solve. I've been a car nut forever and have collected cars since the 70's when cars were cheap. My first 63 Corvette SWC was scored for 28 hun. in a local trailer park in '75 and my wife at the time was mad. (wife and car are both long gone). Over the years I've basically collected stuff that I wanted as a teenager and couldn't afford, or stuff that street racing legends around here were made of. My 70 LS6 Chevelle was bought new by a guy I graduated high school with, and he wasn't even a car guy. He went to work right after graduation and I went to college. He could afford a new car and I struggled to keep a 57 Chevy running for daily transportation. Today I have the Chevelle, still with it's original drivetrain and he's dead. Life plays funny tricks.

Back to the topic, so for 35 years or so I've collected these cars, almost never selling one. Some have been nicer than others and some have spent all this time in boxes being totally disassembled or close to it. The point is, they've consumed a large part of my disposable income and time for most of my adult life, and the prospects of my two adult kids who care absolutely nothing about the hobby holding an auction of all my stuff and then blowing the money on whatever the latest electronic gizmos that are worth 5 cents on the dollar in a year leaves me stone cold. So what's a pack rat to do? I'd like for my 2 Fathom Blue LS6 cars (one El Camino and one Chevelle) to have an eternal life together. I feel the same about a matched pair of 69 Corvettes with engine combos making them an equally unique pair, but the kids aren't committing and the grandkids are too young to care. So what do we do? Try and find exactly the right father/son/grandson family and make them a contract of a deal at death they can't refuse, with some kind of caveat where they can't be sold, or just say screw it and let the heirs fight it out and sell em off?:sad::sad::sad:
 
I say write up a plan as to what you would like, and if they don't do it , who cares ?.. and the cars make sure there are titles, bills of sale to prove ownership or licensing at least. I have lost 4 car guys just lately and it sucks. One of them, his wife put all his car stuff in 2 shops and with a lot of help of car friends they tagged prices ( very low ) for a walk in garage sale and sold everything, cars and all like that. Every thing else that did not sell either was given away or went to the dump. All proceeds went to charity. It was sad to see all this good stuff go so cheap but you can't take it with you !
 
No kids yet, but hopefully soon! My brother gets first pick of whatever he wants, tools, my chevelle, etc. After that any family can keep what they want. Other than that she will keep some of the basic tools for stuff around the house, and sell off everything else.
 
I have 3 great nephews that already want my toys and toy box and they are 4 ,11 and 12 years old .Their dad is a Ford guy but the boys like my stuff better .My only problem is I have 4 classic cars and my 3 year old great neice will probably have no interest in any of them.
 
The wife and I are working on putting these things in place as you can never plan too early in life. Right now my cars are projects and I have given explicit instructions with my brother from another mother that he is to finish them for my wife and kids to enjoy. Otherwise what tools and collectibles I have go to my kids.
 
i have two sons and a daughter who only care about money, so everything i have will be sold and the third generation will get the money for college. two sons inherited a BIG sum from wife's family, daughter by 1st marriage is a spinthrift... i have a semi third son, oldest son best friend in high school who is a car guy and is as close as any of my children, i may leave him one of my cars because he would keep and take care of it. makes me think, i need to update my will.
 
If I hadda won that powerball I'd be dead now!

My instructions are to take all my car crap and dump it in the middle of the car swap meet and everyone can take only two things for FREE

Next burn me and flush me down the toilet in the nicest room in the Hotel Vancouver. Nobody would forget that.
 
Leaving the Chevelle with a great friend and old room mate who would build it right. He's building a cool 50 Chevy 3100 with a 406 now. I don't want a shrine tho and told him he can sell it anytime he needs the bread but has to give half to my grandson to help out with college. I have enough life insurance that she wouldn't care about such a small item anyway.
 
I dont care, doesnt matter at all. Because I will be dead. Wife can do with it whatever she pleases. If she is gone too then I really dont care because the only thing I really care about in the world will be with me.
Exactly, don't know, and I don't really car. I suppose on how soon I die my dad will end up with my junk. If he isn't around I suppose it will end up with someone. Someone that will no doubt want to sell it all off just to make some money.
 
Cars are being set up in a trust for my young children.
Told my wife to let uncle and friend take what they want and sell the rest of tools and parts at auction. Same with guns, I have a list of heirloom weapons and who gets them the rest can go to auction.
We moved 6 months ago so I got rid of about 20K lbs of items for her to deal with someday.
 
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