Legal Question in Wills and Trusts in Michigan

In a trust what is the difference between tangible personal property and remaining assets.

Asked on 6/19/12, 4:19 pm

1 Answer from Attorneys

John Tatone John R. Tatone & Associates

Tangible personal property are items you are able to touch such as jewelry, furniture, art, etc. Intangible property are documents representing assets such as bank accounts, ira, 401k, stocks and bonds. Remaining assets may include either type. Whatever specific item was not given to a specific person. Please contact me if you need help administering a trust. 888-988-LAWS (5297)

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Answered on 7/06/12, 5:46 am

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