Personal property is everything owned by a person other than land and buildings attached to land. Personal property encompasses bank accounts, cars, small businesses, insurance policies, jewelry, patents, and any other property that is not land or buildings attached to land. Other names for personal property are moveable property, personal effects, goods, chattel and personality. Personal property should be specifically designated in the will by person they are to be bequeathed to and not left to be distributed as the executor deems. There are two types of personal property, tangible and intangible. Intangible personal property is property that cannot be actually touched such as securities or bank notes. Tangible personal property is property that can be touched or moved.