Thoughts While not directly towards your initial question:
My buddies & I very rarely openly talk about this, just dancing around the subject; One exception is a Guy with a Convert (with significant Value i.e. Over 50k he intends survivors or designated reps to sell on open market and donate to local children's hospital) & most importantly it IS documented in his estate planning documents obtained via his Family Law provider.
One strategy I have talked to my Spouse about My Hot rods is to Involve my Certified Trusted local appraiser to determine the Various Values at my Passing. She has the Business card. Then set some Friends and family values to "OFFER" them to known circle of Friends for first opportunity to purchase outside of the open market. Most Family are not interested or in a position to pursue this Automotive lifestyle. Secondarily the estimations will help survivors to work the various marketing avenues to liquidate the stock, Word of mouth (Friends-Family-Clubs), Craigslist, BAT, Ebay, Hemmings etc.
This is a VERY unavoidable difficult Subject. Understatement of the Year! 2021
__________________
69 Los Z11
68 SS/RS 396/325
68 Los Z28
Last edited by 169indy; 01-03-2021 at 10:16 PM.
Reason: Spelling
|