When it comes to estate planning, a Will is one of the most important documents you can have. It dictates how your assets and property will be distributed after you die, and can help to prevent any disputes between your loved ones. But what type of assets should you include in a Will?
VIDEO: What Assets Should Be Included An A Will?
In general, you'll want to include all of your major assets and property in your Will. This can include things like your home, your cars, any investments or savings you have, and any valuable personal belongings. You'll also need to specify who you want to inherit these items, as well as how they should be divided up.
In addition to your assets and property, you'll also need to include any specific instructions for their distribution. For example, you may want to stipulate that a certain piece of property can only be sold and not given away, or that it must be divided evenly between your children. Including these types of instructions can help to avoid any confusion or conflict after you're gone.
Finally, don't forget to name an executor for your Will. This is the person who will be responsible for carrying out your wishes and ensuring that everything is distributed according to your specifications. Choose someone you trust implicitly, and make sure they're aware of your wishes ahead of time.
Here is a list of 80 assets to include in your Will
- Home
- Investment property
- Business interests
- Intellectual Property
- Stocks and bonds
- Retirement accounts
- Cash and checking accounts
- Savings accounts
- Certificates of deposit
- Cryptocurrency investments
- Insurance policies
- Timeshare
- Season tickets
- Frequent flier miles
- Pension
- Annuities
- Disability benefits
- Worker's compensation benefits
- Alimony payments
- Child support payments
- Social security benefits
- Paypal account
- Investment accounts
- Real estate
- Automobiles
- RVs
- Motorcycles
- ATVs
- Snowmobiles
- Boats
- Aircraft
- Livestock
- Farm equipment
- Household goods and furnishings
- Tools
- Machinery
- Furniture
- Appliances
- Electronics
- Artwork
- Jewelry
- Collectibles
- Coins
- Stamps
- New or antique firearms
- Wine collection
- Liquor collection
- Perfume and cologne collection
- Book collectibles
- Comic book collectibles
- Sports card collectibles
- Trading cards
- Video games
- Toys
- Dolls
- Action figures
- Model cars
- Model trains
- Music instruments
- Song recordings
- Movie recordings
- Television recordings
- Photo albums
- Scrapbooks
- Memorabilia
- Keepsakes
- Family heirlooms
- Souvenirs
- Clothing
- Sports equipment
- Exercise equipment
- Camping gear
- Bicycles
- Outdoor furniture
- Lawn and garden tools
- Patio furniture
- Garden shed
- Grill
- Hot tub
- Swimming pool
Making a Will is one of the most important things you can do for yourself and your loved ones.
By taking the time to create a comprehensive and well-written Will, you can ensure that your final wishes are carried out exactly as you intend.
Get started today and download our Last Will and Testament
