Learn how unscheduled personal property is covered by homeowners' insurance, avoiding the need for individual appraisals. Discover the benefits and limits of this coverage.

Amy Fontinelle is a freelance writer, researcher and editor who brings a journalistic approach to personal finance content. Since 2004, she has worked with lenders, real estate agents, consultants, ...

Sometimes taxes cost more to collect than the revenue they generate. Back in 2015, the Indiana General Assembly recognized one example. Back then, all businesses were required to file forms ...

Once a year, you should document the condition and value of your possessions to ensure you get full coverage if needed. So it’s kind of amazing that only 47% of homeowners have prepared a personal ...

Personal property insurance is a standard part of a homeowners, renters, condo or manufactured home policy. Many, or all, of the products featured on this page are from our advertising partners who ...

Many estate-planning attorneys use a personal property memorandum (memo) for the disposition of personal property. It’s used when the attorney drafts a client’s will to allow the client to change ...

The section 179 deduction allows a small business to take a tax deduction for the entire cost of certain property and equipment in the year it buys that property. That produces a larger, more ...

Tangible personal property – that is, property (other than land or buildings) that you can see or touch – is a special asset class in many estates. A client’s tangibles include their jewelry, clothing ...

If you are thinking of starting a small business, or have already started one, chances are you have made use of personal property in your business activities. You might use your personal cell phone or ...

The IRS has issued final regulations that define what property qualifies for Sec. 1031 like-kind exchange treatment (T.D. 9935). The new rules are necessary because the law known as the Tax Cuts and ...