It's important to consult with professionals who can provide specific guidance tailored to your situation. However, here are some general considerations when deciding between taking an inheritance in cash or in kind:
Cash: Taking the inheritance in cash provides immediate liquidity and flexibility. You can use the funds as you see fit, such as paying off debts, investing, or making major purchases. However, keep in mind that cash may be subject to taxes and may not offer the potential for long-term growth.
In Kind: Taking the inheritance in kind means receiving assets like stocks, real estate, or other investments. This can be beneficial if the assets have potential for growth or if you have a specific interest in holding them. However, it's important to assess the value, liquidity, management requirements, and potential tax implications of the inherited assets.
No idea if you're asking a question or simply providing advise. If this is a question, you've basically answered it with your pros and cons. The only point I would add is that inherited assets get a "step-up" basis. What that means is the tax basis for the inherited assets are generally valued as of the decedent's date of death (or 6 months after date of death under some circumstance). In other words, any appreciation (or depreciation for that matter) prior to date of death is not subject to tax. All gains or losses after date of death are considered long-term capital gains or losses.
Only you can decide which way is better for you. Good luck in making that decision, assuming this is a question.