Estate Planning Series* (1 of 7): Create an Inventory

You may not think you have enough "stuff” to justify estate planning (or maybe you are overwhelmed by the amount of “stuff” you have, and just don't want to deal with it). Regardless of the situation, creating an inventory is a great way to get an idea of what your tangible and intangible assets include.

Tangible assets are things that can be touched, and may include:

• Real Estate (homes, building, land)

• Vehicles (Cars, motorcycles, recreational vehicles—yes, even boats)!

• Collectibles (art, trading cards antiques, coins, etc.)

• Other personal possessions

Intangible assets may include:

• Bank accounts, and certificates of deposit

• Stocks, bonds, mutual funds

• Retirement plans (ie: 401k, IRAs, pensions, etc)

• Life insurance Policies

• Ownership in a business

• Health Saving accounts
  

You’ll also want to take into account and note any liabilities you have, such as mortgages, 

liens, lines of credit, or any other debts you still owe on.

*PLEASE NOTE: 

This article is meant to provide background information and should not be considered legal guidance.

For more about our Estate Planning Team and Services, reach out to us today:

(916) 572-1117 or Mickie.Giacomini@gmail.com