Dividing a model car collection as part of an inheritance: a practical approach
A model car collection can represent significant value. When a collector passes away, heirs must decide what to do with the collection. Dividing it, keeping it, or selling it: every choice has practical and emotional dimensions. In this article we describe a fair and clear approach.
Step 1: establish the value
Before you can divide anything, you need to know what the collection is worth. Without a valuation, dividing it fairly is nearly impossible. A professional appraisal assigns a market value to each model and records this in a report. You can also use this report for inheritance tax purposes.
Step 2: inventory the collection in full
Make a list of all models including: brand, type, scale, condition and whether the original box is present. Photos of each model are recommended. This forms the foundation for a fair division and prevents disputes later on.
Step 3: choose a division method
There are several ways to divide a collection fairly:
- By value: each model has an appraised value; heirs take turns choosing until the division is equal
- Sell and divide the proceeds: the most objective option, avoids disputes over who gets which model
- Kept by one heir: possible if the others are compensated from other parts of the estate
- Combination: valuable pieces are sold, less valuable ones are divided
What if heirs cannot agree?
If heirs cannot reach agreement on the division, an impartial appraiser can help as an objective third party. A notary can formalise the division. In extreme cases, the cantonal court can be involved in the estate distribution.
Modelcar.com assists with inheritances
We help bereaved families in a discreet and respectful manner. We appraise the collection, provide advice on its value and can take over the collection (or part of it). More information can be found on our page about selling inherited collections.