Tangible and Intangible Assets

Overview:

For this assignment, you will locate a case from your state or use the case provided below where a court discussed and/or defined an item or items of personal property and its character and discussed the difference between tangible and intangible assets.

Next, you will compare and contrast tangible and intangible assets and give examples of such assets.

Instructions:

The case you find must discuss at least one estate asset and why it is includable in an estate.

1. Summarize the differences between intangible and tangible property as you would discuss with an estate planning client. Include examples and references to support your analysis. (A textbook citation and a case citation are required).
2. Provide the case citation and any other resources you consulted for your response. An example is Travis v. Travis, 795 P.2d 96 (1990).
3. Identify the asset discussed by the court and discuss the court’s analysis of a recognizable intangible.
   • If it is not the Travis decision you have used, provide a link to the case you did use.
   Requirements:

• Submit a Word document including the responses to the questions above.
• Paper must be at least 1 page in length, with a maximum of 2 pages in length, double-spaced.
• APA formatting and in-text citations for scholarly references are required.
o Note: A textbook citation and a case citation are required for this assignment.

All work should be written in proper Bluebook format.

Be sure to read the criteria by which your work will be evaluated before you write and again after you write.