HOME OR BUSINESS INVENTORY
What is an Inventory? It is a list of your possessions and the VALUE of the possessions. At home: everything from your pots and pans to your computer or car. In business: Everything from your equipment & supplies to your inventory.
What is it’s purpose? Proof of ownership.
What have you got to lose without one? In the case of fires, flood, tornadoes or damage of possessions in transport, or theft? Plenty!
A Home or Business Inventory Helps You in 4 Ways
- Solid Claims: It helps to substantiate your claim. If you claim you have a “TV” – there is a serious reimbursement difference between a 22″ TV from 1985 ora brand new 70″ flat screen TV with all the bells and whistles.
- Getting it right: many underestimate the volume or value of their belongings – only considering expensive furniture, electronics or jewelry. The day to day items quickly add up… like replacing 50 pairs of shoes. You may discover that you are seriously uninsured or need a different type of insurance once you assess the content, volume or value. It’s not an easy or pleasant task having to think about and trying to recall document things you USED to own, once they are gone.
- Time Savings. Insurance claims, police reports, relocation forms, creation of wills.
- Tracking. Maintenance, depreciation, location, volume
Someday Organizing Can Help You to:
- Determine an inventory solution to meet your needs and what is important to you (written with photographs, video, computer program, or app and specific features).
- Perform the inventory: document and photograph.
- Gather the supporting information and determine the value.
Prepare a home or business inventory now to avoid lengthy delays, battles with your insurance company for the FULL value of your belongings, and for ultimate peace of mind when you need it!
DIGITAL ASSETS AND ESTATES
What are Digital Assets?
Digital property, or assets is any information about you or created by you that exists in digital form. It may be online, or on a storage device. It also includes the information regarding how to access the assets.
All of your known digital property combined is known as your digital estate. When you die it is also known as Digital After Life. According to a McAffee survey, the average digital estate is valued at $54,000.00.
- Personal Digital Information: such as online accounts for correspondence, social media accounts, shopping, photo & video sharing, legacy, gaming or music, online data storage, websites and blogs, loyalty programs, college funds, bitcoin and more! to name a few.
- Digital Business Property: Property you own as a business, assets of an online store you manage, or where you sell things.
- Client information, history or lists, intellectual property, accounts payable systems and more!
- Hardware & Contents: They contain digital information about you or that you created. Computers, tablets, phones, music players, cameras, e-readers, external drives. Your photos, videos, texts, emails and personal medical information-is your digital property.
The Younger You Are the More Digital Assets You Likely Have!
- Born 1946-1961 Estate is likely larger, but less digitally inclined, particularly regarding finances.
- Born 1965-1979 There was no world wide web yet, but have transitioned to online business and likely use social media and sharing sites for photos, legacy etc.
- Born 1980 – 2000. Have grown up with computers. Most social life and personal information(photos, music, blogs) and financial life are online.
- Born 2000. DigitalNatives. Don’t know a world without digital access. Personal, Social, financial, business life will be online.
Unfortunately more and more parents mourn over the fact that they have no access to the information needed to handle what needs to be taken care of, or that they have no “record” of or can’t get access to their child’s life (photos, stories) after they are expectantly lost.