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Lifestyle assets are luxury items or pleasure investments such as art work, yachts, jets or things like a second home, property or timeshare. Anything worth monetary value purchased for pleasure or prestige

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13y ago

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How much insurance do I need to adequately protect myself and my assets?

The amount of insurance you need to adequately protect yourself and your assets depends on factors such as your income, assets, liabilities, and lifestyle. It is recommended to have enough insurance coverage to protect your assets and provide financial security in case of unexpected events. Consulting with a financial advisor can help you determine the appropriate amount of insurance for your specific situation.


What is the difference between current assets vs total assets?

Current assets are those assets which is usable in current fiscal year while total assets includes assets other then current assets like long term assets as formula showTotal assets = current assets + fixed assets


What is difference between personal assets and company assets?

Personal assets is assets that are owned by a person. Company assets are assets that are own by the company.


How can insurance be tailored to meet the unique needs of high net worth individuals?

Insurance for high net worth individuals can be customized by offering higher coverage limits, specialized policies for valuable assets like art or jewelry, and personalized risk assessments to ensure comprehensive protection for their unique lifestyle and assets.


Are intangible assets included in current assets?

Intangible Assets are not included in current assets. They are usually listed under Other Assets.


What is the difference between tangible assets and intangible assets?

We can feel tangible asset,where as we cannot feel intangible asset


How do you find the percentage of current assets to total assets?

percentage of current assets to total assets


Are intangible assets included in liabilities?

Intangible assets are assets like other assets just they cannot be seen by eye or feel by hand but as they are assets they are included in assets and part of liability.


Types of assets that are amortized?

Intangible assets are those assets which are amortized as compared to tangible assets which are depreciated.


What are the categories of assets?

1. 1 - Current Assets 2 - Fixed Assets 3 - Ficticious Assets


Is gross block current assets or fixed assets?

fixed assets


What are unexempt assets?

There is no such thing as unexempt assets. They are called non-exempt assets, and they are assets that must be given up.