View Single Post
Fellowship Fellowship is offline
Registered
 
Join Date: Jan 2005
Location: DFW
Posts: 30
How to split up a car?

Mother went into a nursing home 7 years ago. She had purchased a new Buick Lesabre (Let's say value was $15,000) a year or so before she went in.

She has three children.

One of her three children has been driving the car for the past seven years paying for insurance and maintenance. They needed a car to drive at the time.

The Mother just passed away and the car is part of the estate that gets split between the three children. The sibling that has been driving the car still has it, but is looking to trade it in on a new car.

The trade-in value now is about $4,000.

What is a fair payout to the two children that have not been driving the car?
__________________
Kris

1979 911 SC ROW
2001 Ford Explorer Sport trac
2001 Honda Odyssey - Kid Karrier
Old 04-18-2008, 01:10 PM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #1 (permalink)