How to Add Assets to a Will
What is considered an asset?
In a Will, an "asset" refers to any form of property or item of value that you own and can be passed on to heirs or beneficiaries after your death. Examples include:
- Real Estate: Residential, commercial, land, or other properties
- Financial Accounts: Checking, savings, or other accounts
- Life Insurance: Term, whole, universal, group, or other policies
- Business Interests: LLC, corporate stock, or other business interests
- Vehicles, Boats, or RVs
- Other Types of Assets: Heirlooms, jewelry, artwork, or other tangible or intangible items of value
Do I need to list all of my assets in my Will?
While your asset information isn't legally required to be included in the Last Will or Pour-Over Will, gathering a list of assets is a great first step in preparing your Will-Based Estate Plan. Knowing what you have can help you make informed decisions while creating your Estate Plan and ensure you don't inadvertently miss anything.
Although not legally required, listing your assets in your Will can provide additional clarity and organization.
Why is my asset information not added to my printed Will?
While your asset information isn't legally required to be included in your legal documents, it's often helpful to list your assets in your Last Will and Testament, especially if you're leaving a specific asset as a gift to someone.
We've made it easy to download and share digitally any assets you add to your Estate Plan with your Executor via your account. Keeping your asset information in a separate file makes it easier for your Executor to manage and distribute your Estate. This is because all of your asset information will be clearly listed within its own file.
To view and download your asset list, please refer to our guide: How to Download Asset Information
To share your asset list digitally, please refer to our guide: How to Share Your Documents Digitally