A liquid asset can be readily converted into cash.
Enter a descriptive name, the balance of the asset, the basis, the appreciation rate, the after-tax income rate, the type of ownership, and who the beneficiary is, as of the date of valuation from Step 2: Assets and Liabilities.
If you want to reinvest any income from this asset in this asset, check the box next to Reinvest Income into asset? Otherwise, income is invested in the owner’s portfolio account.
Click the Contributions button to enter information about contributions that should be made.
Click the Withdrawals button to enter information about withdrawals that should be made.
Check the box if the asset is community property.
Click OK when you have completed data entry.
To change information about the asset, click on the name and the Edit button. To remove an asset from the list, click on the name and then the Delete button.