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How detailed must my list of assets be?

List expensive assets (real estate, automobiles, furniture, appliances, etc.) and their values individually. For cheaper items (such as clothing, cookware and linens), list the assets by category rather than individually. While you may report inexpensive assets in groups as described above, you may not purposefully omit or misrepresent assets.

Barry Rosenzweig
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Barry Rosenzweig, has 25 years experience as an attorney helping clients solve their legal problems.