I.   Introductory Provisions

Inventories are the twenty-first of thirty-three (33) Administrative Elements of Trust being a detailed survey of all property, assets and liabilities, debits or credits of a valid Trust, or Estate or Fund completed immediately after its creation and thereafter at an appointed on a given day; and the stock of particular items and their location or business.

Customarily, the valuation of assets of a Trust or Estate is focused upon completion of the Inventory being an annual written report on the Trust or Estate:

(i) By tradition, an Inventory is accomplished on or near the first day of the year and it should by honor and right be completed between sun-up and sun-down. That is to say, it should be completed in one whole day; and

(ii) A valid Inventory always begins with a sacred prayer and oath that the contents of the document are true and correct; and

(iii) The Inventory should only assert the listing of tangibles (corporeal) and not make mention over intangibles (incorporeal), unless such intangible assets (such as Rights) are expressed and perfected within a valid form of right such as Voluntatem Et Testamentum or the Registers of the Trust or Estate or Fund as third-party Securities; and

(iv) The Inventory should only assert such property in the possession or control of the Trust or the Estate and exclude property and rights claimed by the Trust or Estate or Fund; and

(v) The Inventory should start with the most valuable property of the Trust or Estate, and end with the movables and personal property of the Trust or Estate in an order similar to real estate, cash, valuables, securities, jewels, paintings, cars, appliances, computers, clothes and other household or business items; and

(vi) Once the property of the Trust or Estate is listed, then the liabilities being obligations, loans and debits of the Trust or Estate need to be listed, completing the Inventory.