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Why Do I Need a Personal Asset Inventory?

Filed under: Asset Education, Photo Asset Archival, Protecting by Lizz @ 11:29 am on April 7, 2008
  • Simply put, Because Accurate Consummate Knowledge = Ultimate Protection.
  •  Knowledge is power.
  •  An individual’s memory is fleeting; visually archived memory is durable and retrievable.
  •  Creating a plan for wealth protection and safeguarding your standard of living equal peace of mind. Learn what information your planning team requires to receive the best advice possible.
  •  Alleviate stress and uncertainty through life-event planning and positioning.
  •  The benefit of an asset inventory is analogous to the benefit you receive when you securely back-up your computer data, prior to a hard drive crash.
  •  Prepared for future eventualities.
  •  The planning assistance and professional advice you receive from your insurance, estate,  tax, financial, and business planning team is only as good as the information you provide them.  The more thorough your documentation the better the outcome of your comprehensive planning strategy.
  •  Irrefutable proof in the event of theft, fire, earthquake, or flood.  An accurate inventory will enable your Insurance professional to provide you with the level of coverage best suited to your individual or business needs.
  •  An inventory will empower you to ask excellent questions; receive relevant information from your advisory team; and thereby, make informed decisions.

Have a question?  E-mail me at info@photoassetarchival.com; I’ll respond.  Have a story to tell or an experience to share?  Blog back your story!

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What Needs to be Included in my Inventory?

Filed under: Asset Education, Photo Asset Archival, Protecting by Lizz @ 10:34 am on April 3, 2008

Insurance: 

  • Create a record of everything you own that you are not prepared to live without, particularly if memory or survivable documentation fails you at a time of loss.

Estate Planning: 

  • Inventory everything your estate planner might need to provide you with a good life and death plan.

Tax Planning: 

  • If it’s not adequately documented and/or insured, how will you be able to credit your losses against your income, if you can’t remember what you lost?

Financial Planning: 

  • Is part of your investment portfolio rental properties or collecting high dollar guns, stamps, coins, antique furniture, or antique cars?  To adequately balance your portfolio you need to apprise your investment planner of all your objectives.

Have a question?  E-mail me at info@photoassetarchival.com; I’ll respond.  Have a story to tell or an experience to share?  Blog back your story!

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