Define: Household Assets

How is Household Assets defined in a legal contract?

• Household Assets means all monetary and non-monetary assets, minus those in any retirement plan, belonging to all members of a household on the date of share purchase, lease or sublease execution, or initial apartment occupancy by the household or any of its members. Seen in 5 SEC filings
• Household Assets means real property, which includes land and structures on that land; and personal property, which covers, but not limited to: cash in hand (including currency, gold, silver, and other coins), money in savings or checking accounts, and retirement funds; bonds, promissory notes and debentures; shares of stock, pensions, mutual funds, and other investments; and annuities and annuity contracts. Seen in 1 SEC filing

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of household assets' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Household Assets means all monetary and non-monetary assets of a household, excluding retirement plan assets.

Relevant Contract Type

• Real Estate Purchase Agreement
• Inheritance Agreement
• Estate Planning Agreement

Relevant Circumstances

• During the division of wealth and property in divorce proceedings.
• When determining the worth of a household during loan applications.
• In the drafting of last wills and testaments.

Relevant Sectors

• Financial Services
• Real Estate

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Genie Definition 2

• Household Assets means real and personal property, including cash, savings accounts, investments, and annuities, belonging to a household.

Relevant Contract Type

• Prenuptial Agreement
• Banking Contract
• Asset Purchase Agreement
• Heirship Agreement

Relevant Circumstances

• During wealth management and financial planning activities.
• During asset valuation procedures for taxation purposes.
• In the litigation of inheritance disputes.

Relevant Sectors

• Banking
• Wealth Management
• Law and Legal Services

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