Part 5/7:
Another tough reality to face is that, often, family members or friends are not interested in inheriting your possessions. Marissa shares personal anecdotes about hoarding tendencies and how her own family struggled to sell or give away items, including seemingly valuable collections. The endowment effect plays a significant role here, as it makes people overvalue their possessions. The truth is, what may have seemed valuable to you may not hold the same worth to someone else, and it’s essential to be pragmatic about this.