Managing Personal Assets

Posted by TonyHawkins | General Knowledge,Real Estate | Thursday 10 June 2010 3:44 pm

Real estate, to include personal and real estate property holdings, is an integral part of an individual’s personal assets portfolio. It should be managed, at a minimum, on a quarterly basis. I would suggest every three months setting aside a particular time to review, organize, and address your personal holdings.
Include looking at and reading your current bank statements, mortgage payments, credit card bills, auto loans, student loans, and whatever else is important to your financial health. Make a decision to stay the course, refinance, or make that call to your banker, accountant, or me, your Realtor, to ask questions or make changes in your tasks. Being aware and keeping abreast of your personal business is worth the time and effort that you extend in managing your affairs.
At the beginning of the year, may I suggest your management begins with reviewing and or writing your will. Not to be morbid, but death is a part of Life and we don’t know when the LORD is going to call us home. Therefore let’s make sure that our personal belongings are placed in the living hands of those who will care for the material things we have generated over the years.
A few years ago a relative of mine expired intestate (without a will). It is not an easy task to manage the affairs of another, even a family member, without the knowledge of where documents exist, or where bank statements are, let alone what bank was used, etc. As Paul writes, “let us be prepared in season and out.”
As the year carries on you will be pleased that your affairs, your real and personal property, are managed as you deem fit.

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