How to Make a List of Personal Assets

culled from:wikihow.com

Making a List of Personal Assets

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   Prepare your list of personal assets in a well-organized, logical order. Break your list into 2 categories: physical assets and financial assets. 

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   Be sure to list all your assets.
   • Physical assets include all real estate, homes, land, camps and rental property. Continue with furniture, vehicles, jewelry, artwork, collectibles, computers and all other electronics.
   • Your financial assets may include savings, the money in your checking account, individual retirement accounts, securities, life insurance, pension plans and any other assets you own.
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   Include important information about each of your assets, including the financial or lending institution, its address and its phone number. Include the account or policy number and the asset value. You may need to include additional information, such as mortgage information, the beneficiary or the make and model of any vehicles.
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   Take pictures of all your valuables: jewelry, fur coats, antiques and any other expensive assets. Photos can help determine value in the event of an insurance claim.
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   Describe all your jewelry in detail. Be thorough and include information on the type of metal, the weight of the metal and the quality and size of any diamonds and precious stones.
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   Save large-ticket item receipts for items like jewelry, collectibles and antiques. You should also hold on to any documentation you receive along with an asset.
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   Review your list of personal assets to ensure you have not overlooked or forgotten any items.
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   Make a copy of your personal asset list and copy your pictures to a CD, DVD or a flash drive.
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   Put the original list of personal assets along with the photos in a fireproof safe or a safety deposit box. Keep a copy of your asset list at home in a safe place for convenience and easy access.