Clothing, vehicles, jewelry, and business equipment are examples of tangible personal property. Estate planning involves creating a plan to indicate how your property and healthcare will be managed in the event of a disability.Only the name of the income source (e.g. , name of asset, employer, private practice, or consulting company) is required. How To Fill Out a Personal Financial Statement. After you gather all the relevant information, start listing your assets in the asset section. Joint assets are held in joint tenancy (with right of survivorship) or tenancy in common. Upon death, the person's interest passes to the other joint owner(s). A revocable living trust is a trust that is created and funded during your lifetime that you retain the power to amend or revoke. Generally, "personal property" does not include building components. (e.g.
