II.   Form

In a general sense, an Asset is a fictional Form representing other forms regarded to possess a formal unique identity and value. As such, an Asset is a net store of real value.

In a formal sense, an Asset is any sufficient effects, property or goods of sufficient value enough to discharge any burden cast upon a Trust or Estate in satisfying its Debts. Therefore Assets do not exist without some relationship to a Trust or Estate.

Assets may be defined as either Tangible or Intangible.

A Tangible Asset is Any asset, such as buildings, land, equipment etc. that has physical form

An Intangible Asset is Intangible personal property, acquired for money, that does not have a face value or a ready market. An Intangible asset is also defined as any valuable property of a business that does not appear on the balance sheet, including intellectual property, customer lists, and goodwill.