The 6 Best Assets To Inherit

<p>I want to begin today's program by asking you a question.</p><p>If you could leave your children a million dollars, would it matter what kind of assets made up that million dollars?</p><p>Think about that for a moment.</p><p>Would you rather inherit a million dollars in cash, a million dollars in a traditional IRA, a million dollars in real estate, or a million dollars in stocks?</p><p>At first glance, you might think a million dollars is a million dollars.</p><p>But here's something I've learned during my 36 years in the financial services industry.</p><p>The type of asset you inherit can be just as important as the amount you inherit.</p><p>Why?</p><p>Because different assets have different tax consequences, different distribution requirements, different levels of liquidity, and different legal considerations.</p><p>A million dollars in a traditional IRA could create hundreds of thousands of dollars in taxable income for your beneficiaries.</p><p>A million dollars in appreciated stock might receive a significant adjustment in cost basis when you pass away.</p><p>A million-dollar home might create a wonderful inheritance—or an enormous headache when three children inherit it and can't agree on what to do with it.</p><p>And a properly structured trust may help protect an inheritance from certain creditors, lawsuits, divorces, and poor financial decisions.</p><p>So today we're going to discuss six types of assets and estate planning strategies that can make an inheritance more valuable to your family.</p><p>And more importantly, we're going to talk about how to leave your children not just more money, but fewer problems.</p><p>Let's get started!</p>