What Needs to be Included in my Inventory?
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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