PSA: Leave Everything to an Intern

6 of the Worst Assets to Inherit
Kiplinger | 01/25/2024 | David Rodeck

“In my experience, the best asset to leave behind: cash,” said Michael Romero, vice president and relationship manager at Argent Financial Group, a full-service wealth and trust management firm. He said brokerage accounts are good too because they’re so easy to value and divide. Everything else gets a little more complicated.

Timeshares

Potentially valuable collectibles

Guns

Operating businesses

Vacation properties

Any physical property (especially with sentimental value)

What to do if you inherit something you don’t want

11 Comments

    • I have that situation. Except they’re the straight slide cartridges, not carousels.

      Then there are the 8mm home movie films that my parents and grandparents took, and the Super8 ones that I myself took. Still haven’t given up on them. Conversion to digital is expensive, since they charge by the foot.

      The bulbs in both projectors look like something Edison would have tested and rejected.

        • I saw that online, but then the ones I looked at said you have to stop the movie reel at each and every frame, to let it capture the image, and I said “screw this for a lark.”

          I assume there are ones that don’t require you to do that. I kind of question their quality of image capture or resolution in that case.

          • Get a Dazzle. They are pretty cheap, and can convert VHS, HI8, pretty much anything with the old Red, White, Yellow cords, assuming you have a device to play it the tape, like a camera or VCR. Dazzles are pretty cheap, I saw a TEMU one for like $8.

            FWIW, My mom loves photos and has tons of them and the 35mm film. I got her the Kodak digital converter thing a few years ago. She’s tech savvy enough to use it, but I’m sure she hasn’t even tried.

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