Other Assets Guide
Track and manage miscellaneous assets: patents, memberships, collectibles, royalties, legal claims, and anything that doesn’t fit neatly into other categories.
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Why Track Other Assets?
Many valuable assets don’t fit standard categories like property, financial accounts, or insurance. Patents, club memberships, collectible items, royalty streams, legal claims, and other miscellaneous assets can hold significant monetary or sentimental value. Recording them ensures nothing is overlooked in your estate plan and your beneficiaries know what exists.
Common Categories
Intellectual Property
Patents, trademarks, copyrights, and trade secrets. These can generate ongoing royalty income and may have significant licensing value that should be accounted for in your estate.
Memberships & Subscriptions
Club memberships, golf or sports club shares, professional association memberships, and transferable subscriptions. Some memberships carry substantial resale value or transfer rights.
Collectibles & Valuables
Fine art, antiques, wine collections, rare coins, stamps, sports memorabilia, and other collectible items. These often require specialist valuation and may appreciate significantly over time.
Income Streams & Rights
Royalties from published works, licensing agreements, timber rights, mineral rights, water rights, and carbon credits. These represent ongoing or future income that forms part of your estate.
Legal Claims & Settlements
Pending legal claims, structured settlements, court judgements owed to you, and compensation awards. These may have current or future value depending on their status.
Other
Anything else of value that doesn’t fit the categories above: livestock, stored goods, prepaid services, tax refunds owed, escrow deposits, or any other asset you want to record.
Key Terminology
Understanding these terms will help you manage your other assets effectively.
Estimated Value
Your best estimate of the current market value of the asset. For unique items like collectibles, consider obtaining a professional appraisal for accuracy.
Transferable
Whether the asset can be legally transferred to another person. Some memberships and licences are non-transferable and expire on death, while others can be passed to beneficiaries.
Generates Income
Whether the asset produces regular income, such as royalties from intellectual property, rental from stored goods, or dividends from membership shares.
Reference Number
Any unique identifier for the asset: patent number, membership ID, registration number, or policy reference. Helps your beneficiaries locate and claim the asset.
How to Add Other Assets
Recording your miscellaneous assets ensures they are included in your estate plan and your beneficiaries know what exists.
- Go to Asset Management → Personal Asset Tracker → Other Assets
- Click "Add Asset"
- Select the asset category and enter a descriptive name
- Add the estimated value and currency
- Indicate whether the asset generates income or is transferable
- Add any reference numbers, notes, or contact person details
- Upload supporting documents (certificates, valuations, contracts)
- Save the asset to your portfolio
Document Checklist
Keep these documents accessible for each asset:
- Certificates of ownership or registration (patents, trademarks)
- Valuation reports or appraisals for high-value items
- Membership certificates or transfer documentation
- Licence or royalty agreements
- Photographs of physical collectibles or valuables
Upload Documents
Other Assets & Your Will
Miscellaneous assets have unique estate planning considerations depending on their type and jurisdiction. How they pass to your beneficiaries varies significantly.
- Intellectual property rights (patents, copyrights) can be bequeathed like other property
- Non-transferable memberships expire on death, so check your club’s rules
- Collectibles may require specialist valuation for inheritance tax purposes
- Royalty streams may continue to generate income for your estate or beneficiaries
- Legal claims in progress may need to be continued or settled by your executor
Specialist Advice
Frequently Asked Questions
What counts as an "other asset"?
Anything of monetary or sentimental value that doesn’t belong in the dedicated categories (property, financial accounts, insurance, retirement, etc.). Common examples include patents, club memberships, fine art, wine collections, royalty income, legal claims, and mineral or timber rights.
How should I value collectibles or unique items?
For items of significant value, we recommend obtaining a professional appraisal. For lower-value items, your best estimate of current market value is sufficient. You can update the valuation at any time as market conditions change.
What if my asset category isn’t listed?
Select "Other" from the category dropdown and describe the asset in the name and notes fields. The system supports a wide range of categories, but the catch-all option ensures nothing is excluded.
Can I track non-transferable assets?
Yes. Even assets that cannot be legally transferred (such as personal memberships or non-assignable licences) are worth recording. Your beneficiaries need to know they exist so they can handle cancellations, claim any refunds, or understand the full picture of your estate.
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