Succession planning for a collection means knowing what you own, what it is worth, and what should happen to each car, then writing it down so your family and advisors can act on it.
What the plan includes
- A documented inventory with photographs, identification numbers, and condition notes.
- Current fair market values from an independent appraiser.
- A recommendation for each vehicle: keep, transfer, sell, or donate.
- Notes on storage, insurance, title, and records that heirs will need.
- Coordination with your attorney, CPA, and wealth advisor.
Why collections are hard to inherit
Most families do not know what the cars are worth, which ones matter, where the documents are, or who to call. Without a plan, vehicles sit, lose value, and become a source of disagreement.
Start with a confidential consultation.