Do I list my kids bedroom sets, tv's, game systems, games, etc. as personal assets? My kids are 16 - 22 years old. Some of this was gifts, some was purchased by them and then, of course, my husband and I bought some of it.
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For any kids under 18, yes, you list it. (It shouldn't be a big deal as general household goods are exempt). -
Our attorney told us that we were filing for banklruptcy, not the children so we did not need to list their possessions.Comment
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Your "minor" kids don't really "own" the items. But in the end, I don't think it makes a difference, unless you are way overestimating the value of your household goods, all your household goods, etc, should fall under an exemption.Comment
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