What is a family Heirloom? Heirlooms are usually possessions passed down from generation to generation, holding a story about a piece of important family history. But not all heirlooms share the same type of value outside of your family circle. To most, that same heirloom isn’t worth much at all. That’s because everyone attaches a different value to their heirlooms, making it priceless in their mind. There are many different types of famil...