Making a list of personal possessions can be quite a long task, but it is worth the effort. Make sure you compile the list in a complete and organized way. This list will be a valuable tool and you will need it when you plan for retirement, if you need to ask for compensation or for writing a will. The list will make you feel comfortable and will help your family in the event of sudden illness or death.
Steps
Method 1 of 1: Make a Personal Property List
Step 1. Prepare the list in a well-organized way and in a logical order
Divide it into two categories: physical assets and financial assets.
Step 2. Make sure you enter all your assets
- Physical assets include all real estate, houses, land, fields and rental properties. Follow up with furniture, vehicles, jewelry, artwork, collectibles, computers, and all other electronic devices.
- Financial assets can include savings, money in your checking account, personal retirement accounts, securities, life insurance, retirement plans, and any other assets you own.
Step 3. Include important information about your assets, such as the name of the financial or credit institution, address and telephone number
Include your account or policy number and asset value. It may be necessary to include other information such as, for example, details on the mortgage on the house, the beneficiary or the make and model of all vehicles.
Step 4. Take pictures of all your valuables:
jewels, furs, antiques and any other expensive goods. The photos will help determine the value of the beautiful in case you need to claim compensation.
Step 5. Describe all your jewelry in detail
Include information about the type and weight of the metal, the quality and size of diamonds and other precious stones.
Step 6. Keep the purchase receipts for jewelry, collectibles and antiques
You should also keep all documentation you receive along with an item.
Step 7. Review the list and make sure you haven't forgotten anything
Step 8. Make a copy of the list of assets and save the photos on a cd, dvd or usb stick
Step 9. Put the original list and photos in the safe or a safety deposit box
Keep a copy of the list at home in a safe place, so that you have it at hand.
Advice
- Use word processing software or a spreadsheet to make it easier to create and update the list. This way, you can easily add or remove elements.
- Remember to periodically update the list. Add any new goods and delete the ones you sold. Replace the old copy of the list with the updated one.
- You can use the list to calculate equity, which can give you a realistic view of your financial situation and help you with planning any expenses / sales.
- Give a copy of the list to someone you trust, such as the beneficiaries of your bequests, a lawyer or family member.
