Personal property is anything that is not “titled.” Things that are not personal property include real estate, bank accounts and investment accounts.
Things that are personal property: firearms, art, furniture, collectibles, cash, jewelry, china, silver
Is money considered personal property in a will?
The category of “personal items” in a will includes every piece of personal property that the testator, or person who made the will, owns. It does not include real estate, but it can include anything from vehicles to jewelry to stocks and bonds. Personal items may be included in a will in different ways.
Is a house considered tangible personal property in a will?
Examples of tangible personal property are numerous, just a few examples are furniture, vehicles, baseball cards, cars, comic books, jewelry, and art. Intangible personal property includes assets such as bank accounts, stocks, bonds, insurance policies, and retirement benefit accounts.
What are personal possessions in a will?
A Will is a living representation of your wishes. It is important to get the right legal advice to ensure that ALL of your estate (property, cars and personal possessions) are distributed according to your wishes.
Is personal property included in an estate?
Personal property includes things such as your car, furniture, clothes, jewelry, tools, and equipment, and anything else found in your home. This category also includes any withstanding payments or investments that were not mentioned specifically in your will or allocated in your trust.