How do I indicate the ownership breakdown of an asset?
For every asset added to the system, you must indicate whether it is owned solely, jointly, partially or in a trust.
- For all assets, the default is sole ownership.
- If the asset is jointly owned, you will have to indicate the name of the individual who shares ownership. If they have already been added into the system, their name will appear as an option to choose from when you click "add owner" on the line.
- If the ownership is partial, you can add multiple owners and indicate the percentage of ownership each individual has.
- If the asset is a part of a trust, you can specify the details of that trust in the description field.