![]() Vehicles (e.g., boats, cars, and motorcycles).Tangible assets include material things, such as: ![]() In your estate plan, you can leave your assets to family, friends, groups, and charities for after you pass away.Ĭompile a list of your tangible and intangible assets and weigh them against your debt. Your assets are used to clear any outstanding debt before they can be passed on to loved ones.Īs such, it is important to keep your debt in mind when anticipating how much you can leave to others.Īssets are anything you own that has financial value. Create a list of your debtĭebt is money you owe to another party. Document all your assets and debt in order to determine how much of your estate you can leave to your loved ones. Prior to deciding how you’ll distribute your assets, you’ll need to know what you’re working with. The more information there is for those representing you, when you can't represent yourself, the easier it is for them to quickly and accurately adhere to your wishes. You may also want to include Gift Deed Form, Just-In-Case Instructions, and Child Medical Consent forms in your estate plan.
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