Your golden years are your best years! Make them shine!

  • Home
  • Personal Finance
  • Retirement Life
  • Saving & Spending

These Are the 5 Worst Assets to Inherit!

September 27, 2023 · Retirement Life
worst assets to inherit
Photo by SolidMaks from Shutterstock

1. Guns

These items are hard to pass from one person to another, and because of this, they are some of the worst assets to inherit. The rules are different from state to state, and usually, you can’t hand it over if the other person doesn’t have a permit.

For instance, in New York, a decedent’s executor is not subject to criminal prosecution for as long as 15 days while in possession of the decedent’s firearms. This is considered to be a very short window of time. We say this because, in this time frame, the will doesn’t even have time to go through probate.

Typically, the executor or the heirs will contact the police to inventory and hold the firearms for up to a year while the will is being probated. The police have to take the guns because the heirs are not allowed to carry the firearms themselves.

Also, keep in mind that the hairs can’t keep the guns if they were not registered or properly registered by the decentes during their lifetime. That means the heirs will need to abandon them. This applies to fully automatic weapons, shotguns, or short-barreled rifles.

So, if you would like to let members of your family inherit guns, you better start preparing because they might need to have a firearm permit in order to accept them. Check out the laws at the National Rifle Association Institute for Legislative Action or the Giffords Law Center to Prevent Gun Violence.

Pages: 1 2 3 4 5 6

Share this article

Facebook Twitter Pinterest LinkedIn Email

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • medicare
    Medicare Costs Are Rising in 2026 — Here’s What to Expect
  • save money on healthcare
    Could You Qualify For the New $25,000 Health Care Tax Deduction Coming in 2026?
  • Medicare open enrollment
    Missed the Medicare Deadline? Your Options Aren’t Over Yet
  • stimulus check
    Trump Promises $2,000 Tariff Checks: Could You Qualify?
  • social security changes
    5 Social Security Changes Coming In 2026
  • SNAP
    7 Hidden Benefits of SNAP You’re Missing Out On

Related Articles

live

6 US States to Live a Long Life

Here we come to help you stop stressing over it! We have gathered the states…

Read More →
rental prices drop

Rental Prices Drop Like Crazy in These 10 US Cities!

Retired in USA presents: rental prices drop like crazy in these 10 US cities! The…

Read More →
snap supplemental nutrition assistance program

Americans Are Losing Their Food Stamp Benefits. Are You One of Them?

Why Is This Happening? Funding gap from the shutdown Because no full appropriations bill has…

Read More →
A woman smiles while chatting with others at an outdoor community event in a sunny, walkable city.

Retiring Solo: A Guide to the Best Cities for Single Seniors

What Makes a City Great for Single Retirees? When you’re part of a couple, your…

Read More →
nursing facility

8 Reasons to Consider Living in a Nursing Facility

1. Social Engagement One of the biggest issues older adults have to deal with is…

Read More →
Best Retirement-Destinations In The Midwest

12 Best Retirement Destinations in the Midwest to Live Out Your Golden Years

Illinois Why is this state on our list of the best retirement destinations in the…

Read More →
A woman smiles warmly while assisting a child at a library, surrounded by bookshelves.

The Part-Time Job Search: How to Write a Resume for a Retirement Gig

First, Why Do You Want a Retirement Job? Before you type a single word, take…

Read More →
costly purchases

4 Costly Purchases Retirees Wish They Hadn’t Made

These costly purchases can easily ruin your retirement funds! The beginning of retirement is a…

Read More →
inheritance mistakes

Top 6 Inheritance Mistakes You Must Avoid

Always avoid these inheritance mistakes! Inheritance is a big thing, and people are up to…

Read More →
Retired in USA

Your golden years are your best years! Make them shine!

Inedit Agency S.R.L.
Bucharest, Romania

contact@ineditagency.com

Explore

  • Terms and Conditions
  • Privacy Policy
  • Do not sell my personal information
  • Subscribe
  • Unsubscribe
  • Contact
  • CA Privacy Policy
  • Request to Know
  • Request to Delete

Categories

  • Enjoying Retirement
  • Personal Finance
  • Saving & Spending

© 2025 Retired in USA. All rights reserved.