I started thinking about this a few years ago.
Last year I started putting together a list of the cars I have. I wrote out detailed descriptions based on what I could remember on each car, and listed an estimated value and date of the estimate. I will only say I have far more project cars than I need.
I've started the same with the more expensive parts. I used paint sticks to write the basic details of what the item is on the part. Hopefully my wife or kids will be able to search my files and find more info on the corresponding part.
I have two sons, both seem more interested in 4x4 trucks than my old Trans Ams. I wouldn't feel bad if they sold the cars and used the money to buy something they really like, even it if is a lifted truck.
Once I begin retirement in 3 - 5 years, I'll start selling off cars, keeping only my favorite five. If something happens before then, my wife and kids should be able to follow my notes and figure out reasonable prices and dispose of what they don't want.
I have started doing some estate planning, and I may end up setting up a trust.
Mike
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