Please forgive me if this has been answered someplace else in this forum, I've searched but can't find it.
To what extent to you have to list your personal property, specifically household items, books, clothing, etc.? Every website I find, every book I've consulted, and of course the Schedule B - Personal Property form, says to list *every* item. This seems over the top... I mean, do they really need to know every individual pair of socks I own?
What frustrates me is that I know beyond doubt that nothing I own has any significant value, and that everything would be worthless to the trustee, but do I still need to go through the hours upon hours it will take to list and then evaluate/appraise each individual item?
I'm really surprised I haven't been able to find a discussion about this... anywhere. I've been able to figure out every other form in my packet, but this one has caused endless stress for me and my wife. It seems like I will have to take a couple weeks of vacation time to go through my house and list every single little insignificant thing I own, and then try to figure out what the market value would be.
If there is an answer already out there in the forum, can someone please post the link to it? If not, can anyone provide an answer?
Thanks,
Martin
To what extent to you have to list your personal property, specifically household items, books, clothing, etc.? Every website I find, every book I've consulted, and of course the Schedule B - Personal Property form, says to list *every* item. This seems over the top... I mean, do they really need to know every individual pair of socks I own?
What frustrates me is that I know beyond doubt that nothing I own has any significant value, and that everything would be worthless to the trustee, but do I still need to go through the hours upon hours it will take to list and then evaluate/appraise each individual item?
I'm really surprised I haven't been able to find a discussion about this... anywhere. I've been able to figure out every other form in my packet, but this one has caused endless stress for me and my wife. It seems like I will have to take a couple weeks of vacation time to go through my house and list every single little insignificant thing I own, and then try to figure out what the market value would be.
If there is an answer already out there in the forum, can someone please post the link to it? If not, can anyone provide an answer?
Thanks,
Martin
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