Given your choice on one of the following inheritance items what would you pick? Why?

I'd take the house - you can rent it out and have income. If it burns down, you still have the lot value. If you take the car, once it is ruined, it is gone. The value in the car is in your ability to liquidate the asset, and to do that, you must find a buyer ready, willing and able to purchase the vehicle. The real estate has the potential to increase in value and is useable. The vehicle seems more of a liability, and is impractical, unless you want to rent it out for weddings, etc. Nonetheless, you still run the risk of depreciation every time you drive the vehicle out of the garage. It's not like you can drive that car to the supermarket. Of course, if you're looking to liquidate quickly, and have a qualified buyer, take the car, provided it is worth more than the house. As an attorney, I can PROMISE you that the cash inheritance is NOT tax free! (Its called "estate tax") I'd say skip the cash, because you can liquidate both the other choices and yield more than the cash after taxes.

I'd go with the house. It would make the profit faster. The classic car is someone's past time and only worth money to the person who would collect this car. Also, do you have the correct storage area for the car?

The house, well, mostly everyone needs a house so if you turn around to sell it, you will have a lot more people to sell it to. You need no storage area, it is on its own lot.

I would take the cash because inheritance is tax free. Unless I needed a place to live or the house was worth more.

Cash then put it into an High interest bearing account (Very Rare to find now). The house and car I would turn into cash.

Car, it is a classic, unless I had no where to live, then the house.

Depends on how much price the car fetches in the real market;]

The house...

I'd take the cash and put it into an interest bearing(sp?) CD.

cash - I could choose the location of my house.