Don’t Lose Track of Assets in Your Estate

You might take steps to list everything you can inside your estate, but it’s still possible to leave items out. When you’re working to help administer someone else’s estate or thinking ahead about your own, it could be the case that not every asset is accounted for in a trust or a will.

Some assets won’t ever fit inside those estate plan vehicles anyways. These include life insurance plans, individual retirement accounts, and 401(k) plans. It’s all too easy to forget something like a former spouse still being listed as the beneficiary on a life insurance policy.

In the U.S., we’re seemingly adding new assets to our estate all the time, especially when it comes to digital materials. You’ve got photos, online accounts, and plenty of passwords stored up in your computer. But have you thought about who will have access to those if you pass away?