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  1. You do not need to specifically list out all your assets in your will. Your will already covers your umbrella estate (all the assets you own). While yes, you can theoretically list out all your assets in your will, a detailed list of assets is typically not included.

  2. Before you write your will, it's a good idea to make a list of who you want to include in your will, and a list of your assets and debts. List beneficiaries. Make a list of any family members, friends, and other people you would like to leave something to. Include their legal name and address if possible. For example, you might want to leave ...

  3. If you are an executor of someone's Will, you will need to gather information of everything they owned at the date of death. This Estate Inventory Listing that I provide below is a guide to help you identify and organize this information. It may be needed to prepare final tax returns upon death (click the topic for more information) or to obtain.

    • Get down to basics. You’ll need to gather the full legal names of anyone who will be included in your Will. This includes close friends, direct family members, and relatives like your nieces, and nephews.
    • Get a ballpark of your assets. It’s a misconception that you need to know exactly how much money you have or what your assets are worth down to the penny.
    • Get a general sense of your debts. A debt is considered to be anything you owe to another person or institution. It includes things like mortgages, car loans, and taxes.
    • Choose a guardian. If you have minor children, this is a big one and often the most critical decision you’ll have to make when making your Will.
  4. Estate Administrator/Executor Checklist. PDF Version (2,162 kb) When someone in your family dies, their real and personal property, called an "estate", must be managed by an executor (if there is a will) or administrator (if there is no will).

  5. By including specific assets in a Will and naming beneficiaries (the people who will inherit those assets) you can make sure that your property is passed along exactly how you want, and you can help your family avoid disagreements over the distribution of your assets.

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  7. Mar 7, 2024 · What Assets Should I Include in a Will? As the drafter of a will, you are the “testator.” As a testator, you are in a position to name beneficiaries for all of your assets. When starting to list your assets, you may want to begin with your monetary assets, such as: Bank accounts (checking and savings accounts)

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