Especially if they have appreciated in value since purchase. You can usually avoid paying capital gains taxes.
Your home, farm, rental property, or undeveloped land.
Maybe you purchased a policy when you were younger. Your family situation has changed and the policy is no longer needed for your family’s financial security.
These plans defer income taxes. However, giving them to anyone other than your spouse or charity will incur federal and state income taxes as well as any estate tax.
Certificates of deposit, money market accounts, especially if they are earning at low interest rates.