GETTING AN ESTATE ORGANIZED - Suze Orman

GETTING AN ESTATE ORGANIZED

STEP 1: MAKE LIST OF ASSETS A list of assets is for the executor's or successor trustee's convenience to help them do their job when the time comes. List all property owned, including property that is owned jointly with someone else. Include the following items: real estate; cash and bank accounts; stocks, bonds, and mutual funds; life insurance; retirement plans; wages or benefits from employers; small business interests; limited partnership; intangible assets (such as: promissory notes, court judgments, patents, copyrights, contractual payments or royalties); tangible assets of significant value either financial or emotional (such as: art, jewelry, antiques heirlooms, collectibles.) STEP 2: ESTIMATE THE VALUE Estimate the value for the major assets. STEP 3: DETERMINE HOW TITLE IS HELD ON ASSET To determine who inherits the property and if an asset needs to go through probate, you must know how the property is owned. Typically assets are owned in the following manner: sole ownership, joint tenancy, tenancy by the entirety, tenancy in common, community property with right of survivor ship, community property, and held in trust. STEP 4: CONTACT LIST List in the provided spaces contact information for individuals whom are familiar with your financial or business matters that could offer assistance to your executor or successor trustee. As well as contact information for your beneficiaries so they can be properly notified.

Estate Asset Chart | page 2

ASSET LIST

ASSETS SAFETY DEPOSIT BOXES

Safety Deposit Box #1

ESTIMATED VALUE

Enter specific information for Safety Deposit Box #1 below:

Bank name and branch: Bank address and phone: Safety Deposit Box #: Full name(s) of the individual(s) entitled to access:

Safety Deposit Box #2

Enter specific information for Safety Deposit Box #2 below:

Bank name and branch: Bank address and phone: Safety Deposit Box #: Full name(s) of the individual(s) entitled to access:

Safety Deposit Box #3

Enter specific information for Safety Deposit Box #3 below:

Bank name and branch: Bank address and phone: Safety Deposit Box #: Full name(s) of the individual(s) entitled to access:

DATE VALUED

Estate Asset Chart | page 3

HOW TITLE HELD

ASSETS

ESTIMATED VALUE

DATE VALUED

HOW TITLE HELD

REAL PROPERTY Attach a copy of the most recent grant deed (or warrant deed) for each property and a recent property tax bill. Please note that a grant deed is distinct from a deed of trust.

Property #1

Enter address for Property #1:

Property #2

Enter address for Property #2:

Property #3

Enter address for Property #3:

Property #4

Enter address for Property #4:

Property #5

Enter address for Property #5:

Estate Asset Chart | page 4

ASSETS

ESTIMATED VALUE

CASH ACCOUNTS--BANK AND CREDIT UNION ACCOUNTS

Account #1

Enter specific information for Accounts #1 below:

Branch & Address: Phone Number: Type of Account & Account #: Name(s) on Account(s):

Account #2

Enter specific information for Accounts #2 below:

Branch & Address: Phone Number: Type of Account & Account #: Name(s) on Account(s):

Account #3

Enter specific information for Accounts #3 below:

Branch & Address: Phone Number: Type of Account & Account #: Name(s) on Account(s):

DATE VALUED

HOW TITLE HELD

Estate Asset Chart | page 5

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