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Your email address will not be published.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

  • taxes
    Are Trump’s $2,000 Stimulus Payments Coming in 2026?
  • happy retirement, retirement investment
    10 Most Affordable U.S. Places to Retire in 2026
  • social security numbers, downside
    When Will Your Social Security Checks Arrive? (What Beneficiaries Should Know)
  • Things Seniors Should Always Get from Costco
    8 Kirkland Products That No Longer Feel Like a Costco Bargain
  • 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?

Related Articles

make your home safer as you age

6 Ways to Make Your Home Safer as You Age

1. The checklist First of all, if you want to make your home safer as…

Read More →
worst habits to carry into retirement

Don’t Carry These 4 Habits with You into Retirement!

1. Procrastination As you get older, you will be faced with many decisions you’ll need…

Read More →
retired travelers

Retirement Travel Tips – Essential Guide for Retired Travelers

Retirement marks a significant life transition, offering the enticing prospect of exploring the world. However,…

Read More →
Retirement Issue

6 Surprising Retirement Issues Seniors Face This Year

Retirement Issue: Complacency This first one is probably the most overlooked retirement issue. Complacency can…

Read More →

Happy Retirees: 9 Activities You Should Try!

1. Play Games  Playing games is not just a fun way of spending your time…

Read More →
worst cities

Top 8 Worst Cities For Retirement

Memphis, Tennessee This one shocked us! But apparently, being the home of blues, soul, and…

Read More →
retirement million

How Far Can $1 Million Last You in Retirement?

Factors you could consider: Here’s what you need to take into consideration to know how…

Read More →
downsize retire, retire comfortably

6 Amazing Ways to Downsize and Simplify Your Life in Retirement

1. De-cluttering your belongings If you want to downsize for retirement, you have to do…

Read More →

6 Social Security Changes Coming in 2026

1. The Social Security cost-of-living adjustment (COLA) for 2026 is looking pretty low It seems…

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

© 2026 Retired in USA. All rights reserved.