What to Include When Gathering Information for Your Will

You can’t make plans for distributing your property until you’re clear about what property you own. The first step in deciding how your property will be distributed in the future is gathering information.

You’ll need details associated with anyone who is named into your will, such as a proposed guardian, a spouse, children, executors, or other beneficiaries. Their names, addresses, and birth dates should be included. You’ll also need to have clear records about all amounts of debts including car loans, business loans, student loans, and credit card accounts.

One of the most important components of your inventory for your will is your list of assets. This includes things like ownership interests in a business, investments, savings, real estate, life insurance policies and annuities, vehicles, and any valuable personal property.

Any legal documents that could potentially impact the interpretation or implementation of your will should also have copies included with your version of the will. This means trusts, divorce decrees, prenuptial agreements, and any other relevant legal documents. It’s strongly recommended that you consult directly with an attorney so that you can have a comprehensive estate plan designed to accomplish your individual goals.

With our Pasadena estate planning law office, you will get the support you need to plan ahead and map out your individual and family plan. All of your property should be accounted for either in your will, through beneficiary forms, and other strategies like a trust.

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