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Who gets your bikes when you die?

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Who gets your bikes when you die?

Old 11-09-15, 06:14 PM
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TriDanny47
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Who gets your bikes when you die?

I've been pondering that question - I've got about $40K into my collection with accessories - of course with depreciation the cash value isn't great. And it will all become obsolete ... Oops, it already did the day I bought it.

I have two awesome cycling friends - and they are both in Europe - so shipping it when I achieve ambient temperature would have be part of the deal - or liquidate and send them whatever pittance on the dollar my estate might get out of them.

Best reason I can think of to keep current in gear!
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Old 11-09-15, 06:19 PM
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My bikes will probably go to craigslist for the best prices I can get -- unless my favorite bike shop will either buy them for resale or handle the sale and take a percentage of the price.
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Old 11-09-15, 06:22 PM
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I have one son who is an avid cyclist… but he is not my size.
I have one son my size who does not (yet?) bike.

Anyway, I don't have to worry about it. I will be dead.
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Old 11-09-15, 06:27 PM
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I haven't worried about it as I anticipate a lot more water under the bridge, and a lot could change before I start growing daisies. Of course, I could get smacked by a car tomorrow, but then I'm not going to worry about it.

My father only had one bike, and my brother now has it. I don't know if he's riding it at all.
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Old 11-09-15, 06:35 PM
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Sometimes when I clean the garage I ask myself if I am just cleaning or am I also maintaining the items for the estate sale. I have no one who would particularly benefit from my personal stuff.
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Old 11-09-15, 06:42 PM
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Garage sale or the like, I guess. I'm the only one in my family who is interested in, and still able to do, bicycling.

In a related note, $40,000 in stuff? Can I get into your will for a groupset and 700C wheelset?
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Old 11-09-15, 07:31 PM
  #7  
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No one else in the family is 1) interested, or 2) my size. My guess is they'll go to the local Goodwill.
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Old 11-09-15, 07:51 PM
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The question is: "Who gets me when my bike dies?"
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Old 11-09-15, 08:20 PM
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I've often thought I should tell my wife to contact one of the local BF guys to take all the bike stuff, sell it for what it's worth... take a percentage and give her the rest... gotta be better than an estate sale.
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Old 11-09-15, 08:30 PM
  #10  
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Screw the bike, what abut the car?



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Old 11-09-15, 08:48 PM
  #11  
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When it's time I'm just going to ride my bike off into the sunset.
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Old 11-09-15, 08:58 PM
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With three sons, and a bent bike and a trike, plus lots of tools, the boys can haggle over them. Maybe I will have them bury me with a multi bike tool in my hand.
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Old 11-09-15, 09:32 PM
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Originally Posted by oldnslow2 View Post
Screw the bike, what abut the car?



Looks like you're dangerously low on coolant!
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Old 11-09-15, 09:36 PM
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Originally Posted by JanMM View Post
Looks like you're dangerously low on coolant!
Nah... there's plenty of air available.
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Old 11-09-15, 09:37 PM
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Originally Posted by oldnslow2 View Post
Nah... there's plenty of air available.
I had 3 of them - never was warm once in the winter. But, great restoration.
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Old 11-09-15, 09:39 PM
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Originally Posted by nobodyhere View Post
I had 3 of them - never was warm once in the winter. But, great restoration.
Owned it since new, it had great heat when it had a stock exhaust with heater boxes.
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Old 11-09-15, 11:05 PM
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Originally Posted by rydabent View Post
With three sons, and a bent bike and a trike, plus lots of tools, the boys can haggle over them. Maybe I will have them bury me with a multi bike tool in my hand.
Make sure they'll remember to put a helmet on your head.
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Old 11-09-15, 11:07 PM
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The Smithsonian can have mine if they want them. If not, whomever ends up picking through my belongings.
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Old 11-09-15, 11:11 PM
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Jeez , that's the last thing on my mind. But my son, who among other things has been a mechanic, will get all my tools.
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Old 11-09-15, 11:42 PM
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My wife will sell them. It's okay, I won't need them anymore.
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Old 11-10-15, 06:30 AM
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Mine will go to my daughters.
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Old 11-10-15, 11:20 AM
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My older brother passed away earlier this year; no spouse, no children, no will. Since it is just my younger brother and me, we get along great, we are local, it has not been a major problem. But from the few times we had to go to probate court, we have seen some of the other cases and it can be a big hassle. It is pretty amazing what happens to people when stuff is involved. Here are my thoughts...

If you have some people who will really appreciate your bike stuff, you need to set something up to make sure they get your collection. I'm not an estate planner, so you'll need to find someone to give you advice. You need to find someone who will take what you have done over the years and use it the way you want them to. In my opinion, if you can, the best thing you can do is to not leave a lot of debt that forces an heir to just liquidate the estate with little control over it. I believe the creditors will get paid first.

Fortunately my older brother was solvent when he died and that has allowed my younger brother and I a lot of latitude over the best route to take. While not a cyclist at all, he did have his Legnano from the 60's that my younger brother will lovingly get back on the road. To me it is more important to see the bike being ridden again after all these years than just selling it off to someone.

John
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Old 11-10-15, 11:35 AM
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Originally Posted by David Bierbaum View Post
Garage sale or the like, I guess. I'm the only one in my family who is interested in, and still able to do, bicycling.

In a related note, $40,000 in stuff? Can I get into your will for a groupset and 700C wheelset?
Got any trading stock? I've got a 700c wheelset - Open Pro rims on Tiagra hubs that could have your name on it. For you I'd even throw in an 11/34 9-speed cassette.
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Old 11-10-15, 11:46 AM
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I suppose my son can have my bikes. Problem is, at the rate he is growing, he will likely be too tall for my bikes by the time he reaches his full height.
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Old 11-10-15, 12:50 PM
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I'd guess my wife or daughters will haul them down to Goodwill.

4 bikes @ $100. Now that's a depressing thought. They're worth a lot more! (Well, three of them are...)
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