Tangible Asset Inventory: Why You Need One!

Your clients’ trusts are likely missing one critical document: a Tangible Asset Inventory.

Everyone plans for stocks, bonds, real estate—but what about fine art, coins, collections, heirloom silver, or luxury items?

Here’s why this matters:

Without a documented inventory of tangible personal property:

 •   Disputes erupt among beneficiaries over “who gets what.”

 •   Assets are lost or undervalued, especially during estate division.

 •   Insurance gaps leave irreplaceable items exposed.

 •   Donations and tax deductions may go unclaimed or unsupported.

A Tangible Asset Inventory, prepared by an authorized appraiser, does more than list items. It ensures:

 •   Clear ownership & provenance

 •   Proper valuation for estate tax, insurance, or charitable donation

 •   A roadmap for equitable and informed distribution

Trusts should protect all assets—not just financial ones.

If you’re an attorney, fiduciary, or wealth management firm: When was the last time your clients reviewed their personal property?

Let’s make sure no legacy is left off the ledger.