San Diego Legacy Law
February 14th, 2023
Whether you collect vintage, antique, or classic cars— it is crucial to have asset protection and estate planning in place to keep these treasured and iconic assets protected and in the family.
Most people buy cars to be utilitarian and to get from home to work and back, pick up the kids from school, go grocery shopping, and run errands. It’s about safety ratings, gas mileage, and efficiency.
But classic cars are different. Driving a classic car is an experience of style, craftsmanship, and nostalgia.
Driving a midnight blue convertible 1966 Mustang on a sunny California day is not about speed or efficiency. And when you are sitting at the stoplight in a dark metallic green 1963 Porsche 911, no one is checking out the Tesla in front of you.
Classic cars are part of our culture and are sometimes the stars of the movies.
In the 1964 James Bond movie Goldfinger, the Aston Martin DB5 instantly became one of the most well-known cars in the world. With only 1,059 produced, those models sell for more than $1 million today. And the car chase scene in the 1968 movie Bullit, between Steve McQueen’s dark green Mustang GT and the menacing black Dodge Charger flying over the hilly San Fransisco streets, may be the most iconic car scene ever filmed. Imagine Ferris Bueller’s Day Off without the red Ferrari 250 GT California Spyder. Or, Back to the Future without Doc’s time-traveling silver DeLorean DMC-12. And the battle between the Ford GT40 Mark II and Ferrari 330 P3 is the backbone of the story in Ford V. Ferrari.
