Who Should Have Mum’s Sports Car?

providing it's full value is paid into her account.

Yes, when I re-read my post I realised I'd meant to add that.

Hetty58

Your POA obligates you to act in her best interests - including financially. Therefore, it would be wrong to hand over her property to another family member. The car should be valued, then a 'lottery' arrangement would be acceptable - providing it's full value is paid into her account.

This sounds sensible. Except grandson not in the will, if it's going to Mum's children?

The fairest way is to agree a value and for those who are interested to put their names in the hat.

Check out the price, it could be a classic.

What are your mother's views on the subject? Does she mind who has it? She sounds like a strong-minded woman, she must have a view 🙂

I like her style! 😁

Oh Musky17 - what an uplifting story 😍- your Mum has been driving her sportscar till the age of 91 - wow wow wow !!!
I’m quite a few years younger and am already thinking of giving up driving, after a minor accident (forgot sunglasses and blinded by bright sunshine).
Regarding the car, I think there should be so e sort of a ‘lottery’ or sell the car and divide between her children (ie you and your siblings).

I would check the value of the car, my MIL had an SLK cabriolet it was older and sold for 10k.
Get it valued and give family first refusal, you hold POA so you have to act in your mothers best interests.

This sort of question arose when my late F-I-L went into care. We had the item valued and it was up to family members who wanted it, to pay up.
The money would have been paid into
F-I L’s bank account and thus become part of the estate.
In the event, my F-i-L died before anything other than the valuation was done, so the person who wanted it most accepted it plus their share of the estate less the value of the object.

Your POA obligates you to act in her best interests - including financially. Therefore, it would be wrong to hand over her property to another family member. The car should be valued, then a 'lottery' arrangement would be acceptable - providing it's full value is paid into her account.

Why not ask her who she would like to have it, I think she should decide.

A lottery type type decision sounds wise, but the person who ‘wins’ the car should pay the value into mum’s estate. The car belongs to your mum after all.