Tangible and Intangible Assets in Estate Planning

Sometimes, deciding what to include as assets when estate planning can be difficult. The following lists include some items you may want to consider adding to a list of assets within your will. We will start with tangible assets and conclude with intangible assets. If you have any questions, contact our estate lawyer in Cary NC.

Tangible Assets | Estate Lawyer Cary NC

  • Warrants
  • Time deposits
  • State securities
  • Local government securities
  • Share of funds from governmental investment accounts and/or pools
  • Savings accounts
  • Repurchase agreements
  • Notes receivables
  • Mutual funds
  • Receivable mortgages
  • Money market funds
  • Marketable securities
  • Marketable equity securities
  • Loans to members of insurance trusts systems
  • Loan receivables
  • Land
  • Inventory
  • Guaranteed investment accounts
  • Federal treasury notes
  • Federal agency securities
  • Equipment
  • Debentures held
  • Corporate stock
  • Corporate bonds
  • Commercial paper
  • Certificates of deposit, also known as CDs
  • Cash on hand
  • Cash on deposit
  • Buildings
  • Restricted cash
  • Restricted investments

Remember, these items are tangible and can be physically touched. Below, you’ll find a list of personal assets that are both physical and non-physical:

Personal Assets 

  • Savings account
  • Retirement account
  • Jewelry
  • Investment accounts
  • Collectibles
  • Electronics Insurance
  • Checking account
  • Automobile
  • Artwork

Intangible assets might be valuable to family members. Individuals who are currently planning might find the following list helpful when deciding what should be considered an asset. Our estate lawyer in Cary NC can help you decided, as well.

Intangible assets can also be included in a will, just as tangible ones are. Estate planning may include everything that could be considered an asset. Here, you’ll find a list of intangible assets.

  • Air rights
  • Water rights
  • Land rights
  • Training manuals
  • Trained & assembled workforce
  • Trademarks
  • Trade secrets
  • Title plants
  • Technology sharing agreements
  • Supplier contracts
  • Solicitation rights
  • Shareholder agreements
  • Security interests
  • Securities portfolios
  • Schematics & diagrams
  • Royalty agreements
  • Proprietary technology
  • Property use rights
  • Product designs
  • Procedural manuals
  • Permits
  • Patents
  • Natural resources
  • Musical compositions
  • Mineral rights
  • Methodologies
  • Medical charts
  • Medical records
  • Manuscripts
  • Manual databases
  • Management contracts
  • Location value
  • Loan portfolios
  • Licenses
  • Landing rights
  • Laboratory notebooks
  • Joint ventures
  • Historical documents
  • Goodwill
  • Franchise agreements
  • Food flavorings
  • Food recipes
  • Film libraries
  • FCC licenses
  • Environmental rights
  • Engineering drawings
  • Easements
  • Drilling rights
  • Domain names
  • Distribution rights
  • Distribution networks
  • Development rights
  • Designs
  • Drawings
  • Customer relationships
  • Copyrights
  • Cooperative agreements
  • Contracts
  • Computerized databases
  • Computer programs
  • Chemical formulas
  • Buy-sell agreements
  • Broadcast licenses
  • Brand recognition
  • Brand names
  • Bonds
  • Blueprints
  • Accounts receivable

We hope these lists help you with estate planning. Contact our estate lawyer in Cary NC for help when you need assistance with creating a will or updating your current plan.

If you don’t have an estate plan in place or haven’t reviewed yours in several years, now might be the best time to start. Our attorney is here to help you get your estate planning started and in order. That way, should you pass in an untimely manner or become incapacitated at some point it will be there for your loved ones. It’s better to be safe than sorry when it comes to an estate plan. Contact our office today to get started estate planning.

Klish and Eldreth, PLLC

As always, feel free to contact us with any questions or concerns you may have concerning legal issues. Contact our lawyer to schedule a consultation if you have questions about small business needs, trademarking, copyrighting, or other legal situations. Call today for more information!

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