Sunday, April 28, 2019
There are several possessions that you may hold in particular high regard, but your children might not want to inherit. Here is a list of the top 10 objects that children categorically do not want to receive from their parents.
- Unless your children grow up to be professors, or there books are particularly rare or expensive, they will not treasure your books the way that you would want.
- Paper Ephemera
- Family snapshots, old greeting cards and postcards may have emotional value to some, but generally unless they consist of a celebrity it will not have much monetary value. To keep the emotional appeal, it would be best to transfer these photos to a flash drive for your children.
- Steamer Trunks, Sewing Machines and Film Projectors
- Though these accessories look nice on Pinterest and other social media sites, they are so abundant now due to popularity that they are worthless unless they are of a particular luxury brand.
- Porcelain Figurine Collections and Bradford Exchange “Cabinet” Plates
- Better off just to donate these to a retirement home, as they hold no appeal for anyone concerned with aesthetic appeal or market value.
- Silver-Plated Objects
- The exception may be silver-plated items from Cristofle, Tiffany, Cartier, Asprey, and other manufacturers of note.
- Heavy, Dark, Antique Furniture
- Second-hand and consignment stores may be able to fetch a price for some of these household wares, but it will be a quarter of the purchase price. Instead, donate them and take the charitable deduction.
- Persian Rugs
- The years have not been friendly to these rugs and they now seem threadbare and too busy for the modern home. Just like the antique furniture, best to give them away and take a non-cash charitable deduction.
- Several boxes of hand-embroidered pillowcases, guest towels, napkins, and table linens will mostly likely not be enjoyed by your daughter. But a seamstress or costume designer might be able to put them to good use.
- Sterling Silver Flatware and Crystal Wine Services
- Formal entertaining is simply not a priority these days anymore for many people. Sites like Replacements.com offer matching services for those who do enjoy silver flatware, and typically many sellers can get good prices piece by piece.
- Fine Porcelain Dinnerware
- When was the last time you witnessed your adult child drinking tea with a delicate cup and saucer? They are not going to use them in the way that you imagine in your head that they will, so again, try a website to find like-minded individuals that will.
See Your Top 10 Objects Your Kids Don’t Want, Forbes, April 2019.
Special thanks to Matthew Bogin, (Esq., Bogin Law) for bringing this memorandum to my attention.