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Terry Nelson, CFP®, ChFC®, CASL
Olmsted Financial Group
3428 Lakeridge Pl. N.W., Suite 120
Rochester, MN 55901
Phone: 507-281-1262
Cell: 507-250-3967
Fax: 507-281-9131
Email: Terry@OlmstedFinancialGroup.com
May/June 2026
The Best and Worst Assets to Leave Your Heirs
Deciding what to leave to your heirs can be one of the most emotionally difficult—and financially important— decisions you'll make. It's crucial to understand which assets can most benefit your heirs and which might create headaches down the road.
Winners
Cash is always a winner. It's liquid, easily divided, and can be used instantly by your heirs. They won't need to worry about selling property or managing investments to access it. Additionally, securities, such as stocks that have increased in value, can be a great choice. They not only provide immediate financial benefit but can also be passed on in ways that allow heirs to benefit from the long-term growth of your investments.Real estate can also be a valuable asset to pass down. If your property is in a desirable location or holds sentimental value, it can serve as a meaningful legacy. However, it's important to think about the property taxes and maintenance costs your heirs might encounter.
Losers
Assets with significant mortgage debt can be a burden for heirs, who may face immediate financial pressure to sell or pay off the debt. Also, illiquid assets like collectibles or art might not be as beneficial unless your heirs have the knowledge and resources to manage or sell them effectively.Whatever assets you decide to leave behind, being proactive with your estate planning can prevent your heirs from unnecessary stress and confusion in the future. After all, you want to leave a legacy, not a puzzle.
Securities and Advisory services offered through Geneos Wealth Management, Inc. Member FINRA/SIPC.
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