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The IWC Glossary

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Assets

Generally Assets are items belonging to a person deemed to have a value. An Asset could be money in a bank or building society or an Asset could be a property or land.
 
For the purposes of probate and estate administration personals item such as furniture and jewellery would not be considered an asset unless deemed to have a resale value such as an Antique. Person items would be classified as Chattels
 
See also
 

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