[{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/www.phoenixlawteam.com\/blog\/quick-start-guide-taking-stock-possessions-estate-planning\/#BlogPosting","mainEntityOfPage":"https:\/\/www.phoenixlawteam.com\/blog\/quick-start-guide-taking-stock-possessions-estate-planning\/","headline":"Quick-Start Guide to Taking Stock of Your Possessions during Estate Planning","name":"Quick-Start Guide to Taking Stock of Your Possessions during Estate Planning","description":"If you are considering creating or modifying an estate plan in Arizona,\u00a0one of the first steps\u00a0in the process is to compile an inventory of your possessions. Only by knowing what your estate contains will you know what you have available to distribute to the people or charities of your choice...","datePublished":"2013-06-05","dateModified":"2023-07-12","author":{"@type":"Person","@id":"https:\/\/www.phoenixlawteam.com\/blog\/author\/phoenixlawteam\/#Person","name":"Mushkatel, Gobbato, & Kile, P.L.L.C.","url":"https:\/\/www.phoenixlawteam.com\/blog\/author\/phoenixlawteam\/","identifier":8,"image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/1e4dc39d74dcc876245d4603866817c2b3e4a9be1d45c3ef67992bd821d77cbb?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/1e4dc39d74dcc876245d4603866817c2b3e4a9be1d45c3ef67992bd821d77cbb?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Mushkatel, Gobbato, & Kile","logo":{"@type":"ImageObject","@id":"https:\/\/www.phoenixlawteam.com\/wp-content\/uploads\/2021\/02\/Mushkatel-robbins-becker-pllc-logo.png","url":"https:\/\/www.phoenixlawteam.com\/wp-content\/uploads\/2021\/02\/Mushkatel-robbins-becker-pllc-logo.png","width":459,"height":157}},"image":{"@type":"ImageObject","@id":"https:\/\/www.phoenixlawteam.com\/wp-content\/uploads\/2020\/11\/Mushkatel-Groupshot-3.gif","url":"https:\/\/www.phoenixlawteam.com\/wp-content\/uploads\/2020\/11\/Mushkatel-Groupshot-3.gif","width":300,"height":184},"url":"https:\/\/www.phoenixlawteam.com\/blog\/quick-start-guide-taking-stock-possessions-estate-planning\/","about":["Estate Planning"],"wordCount":266,"keywords":["arizona estates property","arizona jointly owned assets","az estate plan tips","az estate planning law firm"],"articleBody":"If you are considering creating or modifying an estate plan in Arizona,\u00a0one of the first steps\u00a0in the process is to compile an inventory of your possessions. Only by knowing what your estate contains will you know what you have available to distribute to the people or charities of your choice and\u00a0avoid litigation.When inventorying assets, include jointly-owned assets, and assign a value to each asset. You may need the assistance of an appraiser to determine the value of some assets such as real estate and collectibles.Some of the asset categories you may need to consider when taking stock of your estate\u2019s property include:Real estate,\u00a0including your home and other buildings or landSavings,\u00a0including savings accounts, certificates of deposit (CDs), and money market accountsInvestments,\u00a0including stocks, bonds, mutual funds, and similar investment toolsRetirement assets,\u00a0like pensions, 401(k) savings, IRAs, and other assetsLife insurance\u00a0policies and annuitiesOwnership interests\u00a0in businessesMotor vehicles,\u00a0including personal vehicles, business vehicles, boats, vehicles used in motor sports, and similar vehiclesFamily heirlooms\u00a0such as jewelry, artwork, and furnitureCollectibles\u00a0including art and antiquesOther property\u00a0you may own and plan to include in your estate or leave to particular individuals.Being aware of your assets before you speak to an estate planning attorney can help you begin to plan what you wish to do with your possessions. The skilled\u00a0Surprise, Arizona estate planning attorneys at Mushkatel, Gobbato, & Kile, P.L.L.C. can help you create an estate plan for an estate of any size.\u00a0Contact us\u00a0today to learn more."},{"@context":"https:\/\/schema.org\/","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Blog","item":"https:\/\/www.phoenixlawteam.com\/blog\/#breadcrumbitem"},{"@type":"ListItem","position":2,"name":"Quick-Start Guide to Taking Stock of Your Possessions during Estate Planning","item":"https:\/\/www.phoenixlawteam.com\/blog\/quick-start-guide-taking-stock-possessions-estate-planning\/#breadcrumbitem"}]}]