What assets are not included in the personal property inventory?

[niyati]

I’m working on organizing a personal property inventory and got confused about what to include or leave out.

 

[Emly]

Assets not included in a personal property inventory typically include real estate (such as land and buildings), intangible assets (like patents or copyrights), and financial accounts (such as bank accounts, stocks, and retirement funds). The inventory generally focuses on tangible, movable items like furniture, electronics, and jewelry, rather than fixed or financial assets.

 

[jatin]

Real land, intangible assets, and some forms of tangible personal property, such as registered automobiles and home goods used for personal use, are often excluded from personal property inventories.

 

[jainnorton]

Personal property inventories typically exclude real estate, intangible assets (patents, copyrights), vehicles (often listed separately), financial accounts, and permanent fixtures (like built-in appliances). Check insurance policies for specifics.

 

[Samuel]

Intangible assets like patents, trademarks, copyrights, goodwill, and brand reputation, as well as some non-depreciable or non-income-producing items like personal land, collectibles (coins, artwork), personal use vehicles, and investments like stocks and bonds, are typically excluded from a personal property inventory. Physical, tangible objects of value are the main focus of a property inventory.