Hot Rods Old age dilemma!!!!!

I guess you never know all the ins and outs of the law. Thanks for your information.

 

"Now that's funny". Larry the Cable Guy.


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Hey 7,

With an accumulation of stuff like you have, there won’t be much for kids to go through and feel awful about when they have to take care of business. It is not a question about how much you accumulate in life, but how you live your life. If it is things you want, then you have that stuff. In our simple life, it was not accumulating stuff, otherwise we would have to be living on several acres and a huge house gathering dust over the years.

My wife has a great philosophy…if you haven’t used it in two years, time to get rid of it. People with cars are in the same situation, it is just a larger item accumulating memories and dust. There are many high school automotive classes, like HAMB’s Anthony Myricks class that are in need of good donations. A tax write off from your tax guy should help. It is the thought that something can come from your stuff other than storage fees. The other collected cars, if they are in good shape should be donated to places like public museums for all to see and be proud that some fun/good has come from your family to all who visit.

Jnaki

If we had our 40 Willys C/Gas coupe all finished instead of seeing its last days in a scrap yard, holding on to it all of these years would have been fun. But, if there is no one to take the car and keep the memory alive, we would have donated it to some place like the Price Transfer Automobilia and their Lions Dragstrip Museum. Pick a place that you can associate with from your likes and put your cars to good use. Since we almost lived at Lions Dragstrip during our drag racing, teenage years, it would have been an appropriate place for our old car’s resting place for future visitors.

My wife’s dad passed away last year. It was a tough battle for the last year or so, but having to go through “his” stuff was not a friendly thing to do for the family. Sure, there were some that wanted the junk that was collected, but what for? It is now gathering dust in their small garages, not serving any purpose other than, “I have that from dad or grandpa…” We were able to save some old photos for a family history timeline…that was all we wanted. The rest of the stuff went into a family member’s two car garage (now a one car space), and a junk hauling company.

There is nothing that clashes like a parent’s views and stuff vs. the kid’s ideas of what is valuable. Forget the legacy "crapola", if you were a kind, loving parent, you will last forever in their memories…and family generations. To each his/her own…

For your case, the 2k away relatives will be notified and then it will be the mad rush to sell it all instead of packing their garage and household. That would be a windfall for them. But if you know they have no interest, then donating should make you and your wife smile at how much everyone is enjoying something that came from your family for everyone’s enjoyment.

A family living trust will be much better than a year-long probate (just a will) fiasco. At least, you have designated what goes where. It will stay in force until the trust is depleted.

 

I am still relatively young but have thought about this many times. I have no kids of my own (that I know of ) and my wife has one daughter that probably thinks my cars are a menace to the environment. I have nieces and nephews that seem to like the cars and some that seem to love them. I hope to be around long enough to enjoy what I have and slowly just give them away to who I think is deserving. That would be fun I think.

 

I'm 31... just because you're retired doesn't mean you're alone in wondering. I've got a long list of cars and hope I can build them. Eventually I might sell a couple to go on vacation. I plan on giving a couple cars away to those that deserve them. Hopefully I can get a nephew or two interested in my stuff, to where 20-30 years down the line they might enjoy having or working for one of my cars. I'm not going to give everything away when I'm dead, I know that. I'd rather see people enjoy what I've enjoyed and share it with them while I'm alive!

 

He who pays the most for it will care for it the most and sometimes that's the best that you will get. I own an Estate Sale company, PremierMidwestLLC.com , and I am astounded that people don't want to hold on to family heirlooms, even pictures, paintings, guns ,and cars. Fortunately there are people who want your stuff, they just don't look like you or share your family name. Surprisingly, this is true with about 90% of the estates that I deal with, so you aren't alone.

 

A while back I lost a friend, a mutual friend came over the day before the funeral. When I asked Wayne if he was going to the funeral he said no! I asked why, as we were all good friends. Wayne said “ he won’t be coming to mine , why should I go to his?”

Couldn’t argue with that!

Bones

 

Had a wife, a son, a daughter and a mortgage from hell. The marriage came apart 10 years ago now, just as my son was approaching high school. He chose to live with his dad. Through some trading, I acquired a 1967 Plymouth Satellite. 383 car, console, buckets all there but needed complete resto. It had been sitting for 12 years prior to our taking possession of it. Not a bad first car for a kid. My intent was not to spoil my son, but rather, A: to incentivize him, and B: to ensure that, in working on it with him, he would acquire some gear head skills. The kid picked lousy friends and became a stoner. He showed and incredible amount of interest in the car initially (used to come home from school and just in it and daydream) but with drug use that interest evaporated. Eventually I bought him out of the car, intending to restore it myself, then sell it.

Flash forward. My son graduates high school. He landed a job after I threatened him with being jobless and having to live on his own. The kid lands a job at a shop that specializes in Porsches and BMWs. He finds a stripped out 3 series Bimmer behind the shop that was simply abandoned by it's owner. The mechanics then proceeded to strip it of useful parts. The shop had a small yard filled with cars that were mostly surrendered by their owners upon being presented with a repair bill that they didn't want to pay. The boss gives the rolling shell to my son, who is then finally...resoundingly...bitten by the gearhead bug. The kid quit dope and literally built a car out of a pile of scrap.

He is now married and has given me two grandchildren. He no longer works at the Porsche/Bimmer shop...having stepped up to a much better job. He sold that old Bimmer and bought his Plymouth back from me, which I had since gotten running and driveable...but still needs a resto. We're tackling that together. It's funny how things work out sometimes...and have a tendency to go full circle.