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(Use full legal name. Use “JT” if both spouses are the parents, “H” if husband is the parent, “W” if wife is the parent, “S” if a single parent.)
INSTRUCTIONS FOR COMPLETING THE PROPERTY INFORMATION CHECKLIST General Headings: This Property Information checklist is designed to help you list all the property you own and what it is worth. You may own more property than can be listed on this checklist. If so, you can type in "Other Property" or use extra sheets of paper to list your additional property. How you own your property is extremely important for purposes of properly designing and implementing your estate plan. For each property please indicate how the property is titled. When doing so, please use the following abbreviations: Owner of Property-[add the appropriate character]
Single Individual - I
If married, Husband’s name alone, with no other person - H
If married, Wife’s name alone, with no other person - W
If married, Joint Tenancy with spouse - JTS
Joint Tenancy with someone other than a spouse, i.e. a child, parent, etc. - JTO
If you cannot determine how the property is owned - ?
TYPE: Any interest in real estate including your family residence, vacation home, time share, vacant land, etc.
TYPE: List separately only major personal effects such as, jewelry, collections, antiques, furs, and all other valuable non-business personal property (indicate type below and give a lump sum value for miscellaneous, less valuable items.).
TYPE: Motor Vehicle/automobile, boat, RV, airplane, etc.
TYPE: Checking Account “CA”, Savings Account “SA”, Certificates of Deposit “CD”, Money Market “MM” (indicate type below). Do not include IRA’s or 401(k)’s here. Note: If Account is in your name (or your spouse’s name) for the benefit of a minor, please specify and give minor’s name.
TYPE: List any and all stocks and bonds you own. If the stocks or bonds are held in a brokerage or investment account, specify them. (indicate type below)
TYPES: Term, Whole Life, Universal Life, Split Dollar, Group Life, Annuity. ADDITIONAL INFORMATION: Insurance company, type, face amount (death benefit), whose life is insured, who owns the policy, and the current beneficiaries.
TYPE: Pension (P), Profit Sharing (PS), H.R. 10, IRA, SEP, 401(k), 403(b).
TYPE: General and Limited Partnerships, Sole Proprietorships, privately owned corporations, professional corporations, oil interests, farm and ranch interests.
TYPE: Mortgages or promissory notes payable to you, or other monies owed to you.
TYPE: Gifts or inheritances that you expect to receive at some time in the future; or monies that you anticipate receiving through a judgment in a lawsuit.
TYPE: Other property is any property that you have that does not fit into any listed category.
PERSONS TO ACT FOR YOU:
If you have any children under the age of 18, list in order of preference, those whom you wish to be guardian.
Usually the Maker of the Trust will be the Trustee of his or her own trust. Often, both spouses, jointly, which allows you to continue to jointly control your assets as before.
If you were unable to make decisions for yourself, who would you want to make decisions for you with regard to your property and assets?
If you were unable to make financial decisions for yourself, who would you want to make those decisions for you?
If you were unable to make decisions for yourself, who would you want to make decisions for you with regard to your medical treatment?
List any specific gifts of real estate or cash gifts you wish to make to either individuals or charities. Indicate whether these gifts are to be made even if the other spouse is alive.
Indicate whether these gifts are to be made even if the other spouse is alive.
Who do you want to receive your property in the remote event that no one listed above is alive to receive your property. Determining the remote contingent beneficiary is not so important that it should cause you to delay completion of your entire estate plan. It can always be changed at a later date.
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