Tangible Personal Property
What Is Tangible Personal Property?
Tangible personal property is property that can be held, touched and possessed. In Minnesota, tangible personal property includes cars, boats, family heirlooms, jewelry, furniture, artwork, collectibles, antiques, and clothing. Minnesota law has created a simple method for the straightforward and orderly distribution of tangible personal property - the tangible personal property list. Any Minnesota resident can make a list of specific items to be given to specific beneficiaries. The beneficiaries can be loved ones or organizations. A tangible personal property list must be used in conjunction with your primary estate planning document, either a Will or a Trust.