In Part 1 and Part 2 of “Your Personal Inheritance,” we established the concepts behind the phrases “estate,” “inheritance,” “agency agreement,” and “power of attorney.”
Those phrases are interestingly and intricately entwined with the idea of inventories or portfolios. If you are going to talk about estates and inheritances, you will really need to ultimately discover and list the items included in the basket of contents.
In Part 3, we are going to help you review and list the items that are presently included in your very own inventory portfolio. Take your time. This may be your first experience at summarizing your basket of assets. I think you will be glad you took the time and effort.
MY PERSONAL INVENTORY
Financial Items: (use the equity approach: list the replacement value minus any debt)
Amount on hand, in banks, savings, accts. due me
Stocks, Bonds, profit sharing, pension plans, Life Ins.
Equity in home and other real estate
Autos, Household goods, Personal property, e.g., recreational equip, jewelry, antiques
Other:
Now, subtract any debts you have, e.g., Credit cards, educ. Loans, judgements, child support
Personal Assets:
Physical Assets: Things I like about me and things others like about me; or things I need to change or accept.
Intellectual Assets: areas of strength, or weakness, accomplishments in formal education
Emotional Assets: characteristics identifiable by you or others
Volitional Assets: This has to do with your ability to choose – your decision-making characteristics.
Temporal Assets: How many days have you been alive? Using the biblical estimation of “three score and ten years”, what’s left? What is your personal guess?
Relational Assets:
Family Assets: (1) Those you feel very close to; (2) Those you do not feel close to; (3) Those you do not feel close to, but wish you did.
Friend Assets: Older than you? Younger than you? Income difference? Same beliefs? When together last?
Influence Assets: (Your ability to affect others) Estimate the number of those in the circle of your influence. What one word describes your influence on them? Is that the word you would choose?
Spiritual Assets:
What Spiritual assets do you feel are included in your personal inventory? – kindness, at peace, generosity, self-control, patience, consistency, accept criticism, forgiving, content, etc., etc.
What Spiritual assets do you wish you had in your inventory?
Special Assets:
What are the Special Talents and Abilities that a discerning God has given to you? (No doubt that you have refined them and put a lot of practice and discipline into their development.)
Which ones do you feel are your strongest talents and abilities? Which ones represent your own personal likes and dislikes?
HOW WOULD YOU SUMMARIZE YOUR PERSONAL INVENTORY?