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Your email address will not be published.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 *

Search

Latest Posts

  • A senior couple smiling while looking at a tablet on a sunlit porch. 9 States That Still Tax Social Security - and One Dropping the Tax in 2026
  • A happy senior couple carrying shopping bags into a sunlit, modern home during springtime. 5 Target Items Smart Seniors Should Stock Up On for Spring
  • A retired couple walking happily on a beach at sunset, representing financial security. 8 Social Security Terms Every Retiree Must Understand
  • A happy retired couple looking at a tablet in a bright, modern kitchen. How to Get the Biggest Possible Social Security Check - and Why Most Don't
  • A retired couple calmly reviewing financial information on a tablet in a bright, modern kitchen. 6 Products That Will Cost You More in 2026
  • A mature couple reviewing their retirement plan on a tablet in a bright, modern kitchen. These Common 401(k) Errors Could Cost You Millions
  • A senior couple looking at a tablet in a bright kitchen with a focused expression. HSAs Sound Great - Until You See These 3 Hidden Costs
  • An elegant retired couple enjoying a sunset from a luxury cruise ship balcony. Top 5 Cruises Retirees Are Booking for 2026
  • A retired couple reviews their 2026 financial plan on a tablet in a bright, modern home office. Medicare Costs in 2026: How Much You'll Pay for Coverage
  • A confident retiree working on a tablet in a bright, modern home office during the morning. Best Jobs for Retirees in 2026

Newsletter

Get retirement tips and senior living advice delivered to your inbox.

Related Articles

states

Retirees Love These 7 States The Most! Do You?

1. Florida Basically, Florida is incomparable with other states because it has the highest concentration…

Read More →
mistake, downside

10 Mistakes to Avoid When You Retire

1. Don’t rush into downsizing your home This is one of the first mistakes retirees…

Read More →
early retirement

6 IMPORTANT Things to Consider Before Retiring Early

When companies are finding themselves in the need of cutting more costs, the majority of…

Read More →
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 →
Over 50 Lifestyle Change

12 Easy Over 50 Lifestyle Changes to Make Your Retirement a Blast

A fit woman with grey hair practices yoga in her bright living room, embracing vitality…

Read More →
hobbies

10 Amazing Hobbies to Pick Up in Your Retirement

Reading Stress is one of the most significant sources of health problems that definitely shorten…

Read More →
retirement hobbies

Top 8 Worst Cities For Retirement

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

Read More →
A modern RV parked in a scenic national park, surrounded by trees and mountains.

RV Living in Retirement: The Pros, Cons, and Costs of Life on the Road

Is Full-Time RVing in Retirement Right for You? Before you start browsing for motorhomes, the…

Read More →
retirement visa

Which Countries Offer the Best Retirement Visa Options? (These 6 Ones)

A happy senior couple plans their international retirement adventure over coffee and pastries in a…

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.