When going through a divorce, it’s important to take a detailed inventory of personal property, especially valuable or high-ticket items. I’ve compiled this checklist to ensure that you don’t miss any key belongings.

1. Jewelry

• Create a List: Include all items such as rings, necklaces, watches, earrings, and bracelets.
• Details to Record:
  • Description (type of jewelry, material, design)
  • Approximate value (get appraisals if needed)
  • Purchase date and cost (if known)
  • Proof of ownership (receipts, appraisals, or photos)
• Documentation Needed:
• • Copies of appraisals or valuations
  • Receipts of purchase
  • Insurance policy documents for high-value pieces

2. Artwork

• Create a List: Include all original paintings, sculptures, limited-edition prints, or high-value pieces
• Details to Record:
  • Artist name and artwork title
  • Date of purchase or acquisition
  • Purchase price and current estimated value
  • Any certificates of authenticity
  • Proof of ownership (receipts, auction records, photos)
• Documentation Needed:
  • Appraisals or certificates of value
  • Receipts or auction house paperwork

3. Collectibles (Stamps, Coins, Antiques, etc.)

• Create a List: Include all valuable collections, like rare stamps, coins, antiques, or other specialized collections
• Details to Record:
  • Description of each collection or individual pieces
  • Estimated value (get appraisals if needed)
  • Acquisition date and original purchase price
  • Proof of ownership (receipts, certificates, or historical records)
• Documentation Needed:
  • Appraisals and valuations
  • Photos or inventory list of the collection
  • Purchase receipts or auction certificates

4. NFTs (Non-fungible Tokens) and Digital Collectibles

• Create a List: Include all NFTs, digital artwork, and online collectibles
• Details to Record:
  • Description of each NFT or collectible
  • Wallet addresses and platforms used (e.g. OpenSea, Rarible)
  • Transaction history including purchase prices and current value
• Documentation Needed:
  • Copies of transaction receipts
  • Screenshots or PDFs of ownership details
  • Records of valuation or resale prices (if sold or resold)

5. Furniture

• Create a List: Include all major household items, especially large or valuable furniture (sofas, dining sets, antique furniture)
• Details to Record:
  • Description of each item (material, brand, condition)
  • Purchase price and date
  • Current estimated value (for antiques or valuable furniture, get an appraisal)
  • Proof of ownership (receipts, photos, or purchase contracts)
• Documentation Needed:
  • Receipts of purchase
  • Appraisals or insurance valuations for high-value furniture

6. Appliances and Electronics

• Create a List: Include all major appliances and electronics, such as TVs, refrigerators, washers/dryers, and high-end electronics
• Details to Record:
  • Description of each item (brand, model, condition)
  • Purchase price and date
  • Current estimated value
• Documentation Needed:
  • Receipts of purchase or warranties
  • Photos or records of each item’s condition

7. Hobby Equipment

• Create a List: Include any expensive equipment related to hobbies, such as photography gear, musical instruments, sports equipment, or crafting tools
• Details to Record:
  • Description of each item (brand, model, condition)
  • Purchase price and date
  • Current value
  • Proof of ownership (receipts, photos, or warranties)
• Documentation Needed:
  • Receipts of purchase
  • Appraisals (if applicable)
  • Photos of each item

8. Recreational Vehicles

• Create a List: Include any recreational vehicles such as boats, ATVs, snowmobiles, campers, or motorcycles
• Details to Record:
  • Make, model, year, and condition of the vehicle
  • Purchase price and date
  • Current value
• Documentation Needed:
  • Titles

This checklist provides a guide to taking inventory of personal property during a divorce, ensuring that valuable or high-ticket items are accounted for. This inventory will assist in asset division to ensure no key belongings are overlooked.

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This material is intended for informational purposes only. It should not be construed as legal or tax advice and is not intended to replace the advice of a qualified attorney or tax advisor. This information is not an offer or a solicitation to buy or sell securities. The information contained may have been compiled from third party sources and is believed to be reliable.