We tend to look at what we own and what we owe in a rather abstract way. Perhaps we own a home, car(s), some investments, a retirement plan(s), a vacation home or time share, art work, personal items, life insurance, pets, and other assets we don’t really think about. We rarely think about what all this stuff is really worth. We may understand that we can give away, as a gift, up to $14,000 annually to as many people as we like, and if we have a spouse that would amount to $28,000.