OwnDepot Announces Personal Asset Registry To Simplify Changes In Family Status

SOQUEL, CA, May 24, 2011 (Press-News.org) With its roots established in the insurance asset documentation industry, OwnDepot saw firsthand the emotions and challenges families face when there is a change in family status, specifically in the death of a family member, during a divorce or in planning a wedding. "People become attached to certain assets and family treasures, and OwnDepot ensures a documented path for ownership transfer," said Brett Langlinais, COO of OwnDepot. "As Benjamin Franklin is credited for saying - "There are only two certainties in life, death and taxes," Parents want to deed specific possessions to those children who will receive the most long-term enjoyment out of the gift. "To avoid dispute, OwnRegistry assigns subsequent ownership during the estate planning process," stated Mr. Langlinais.

Targeted at legal professionals whose practices focus on estate planning, divorces, separations of unmarried couples and prenuptial agreements, OwnRegistry provides clear documentation of asset ownership during a change in family status. Estate planners are able to quickly and easily assign the ownership path for all items owned. Divorce and separation attorneys can provide clients with a tool that facilitates compromise and equity in separation, as OwnRegistry tracks the value of the assets, both individually and in total. Pre-nuptial agreements are simplified as assets are assigned prior to the marriage vows.

"Frankly, we were surprised that nobody before OwnDepot had stepped forward and provided the tools for simple and proper documentation in the family status change process," said Joe Toste, VP of Marketing at OwnDepot. With 100% of the population passing at some point, 50% of marriages ending in divorce, and an ever increasing number of couple's cohabiting without marital commitments; this is a significant life situation which faces our entire population. Far too often, emotional issues of asset ownership create contentious situations and long-term damage, which result in relationships being forever destroyed. "So much of this emotional toll can be avoided through simple and proper documentation," continued Mr. Toste. OwnRegistry takes a few hours to complete, it is free to the user, and it can save thousands of dollars of legal fees. It just makes sense.

OwnDepot Inc. provides the insured community with a secure inventory system that allows the end-user or a designated agent to inventory all home valuables. OwnDepot provides proof of ownership by recording detailed purchase information, while providing their end-user community with tools to help them manage their home life. OwnDepot is an online Home Management Solution (HMS) that inventories and also gathers business intelligence to be monetized on behalf of the Homeowner.

For further information, please contact

Joe Toste
OwnDepot Inc.
Joe.toste@owndepot.com
www.owndepot.com

About Own Depot
OwnDepot is an online Home Management Solution (HMS), that inventories and gathers business intelligence to be monetized. Proving the insured community with a secure inventory system that allows the customer or a designated agent to inventory all home valuables. OwnDepot provides proof of ownership by recording detailed purchase information, while providing customers with tools to help them manage their home life.

OwnDepot is privately held and headquartered in Soquel, California. Additional information about OwnDepot's products and services can be found at www.owndepot.com

For more information about OwnDepot, please contact press@owndepot.com or call 1(866) 418-1347.