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My Household Inventory

Why You Should Create A Household Inventory

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Having a household inventory can help:

  • Verify losses for tax purposes. To learn more, see Tax.
  • Help you accurately calculate your Net Worth.
  • Figure out how much you could get if you sold any of your possessions.
  • Help you decide to whom you wish to leave what you own.
  • Make things easier for your Personal Representative/Executor and heirs if you die.
  • Determine how much insurance you need to protect against loss. To learn more, see Homeowners Insurance.
  • Support an insurance claim and speed up your reimbursement.

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