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ArticlesGive Your Heirs an Estate MapBy Kim Boyer The death of a loved one is a painful time. Confusion over the loved one’s estate can often compound grief to make the hardship even worse. For example, the estate representative cannot locate property described in a will or trust, or cannot locate an insurance policy. To avoid such situations, you can provide a “map” of your estate to go with your will or trust, compiling all the necessary information in one place. Here is an example of the type of information to provide: Cash Accounts: Provide addresses, names, account numbers, and any joint ownership information. Securities: Include names, ID numbers, amounts, and how to find documents. Trust Documents: List names and addresses of trustees and beneficiaries and the location of trust documents. Real Estate: Identify other owners and provide the location of deeds, sales contracts, and mortgage information. Retirement Assets: Identify IRAs, 401(k)s, etc., and any other retirement plans or pensions you are eligible for, and provide beneficiary names. Insurance Policies: Provide policy numbers, issuers, beneficiaries, and the location of the documents. Miscellaneous Assets: Describe any valuable items and their locations, including the locations of any deeds or other related documents. Debts: Describe what you owe and to whom, with account numbers, dates, and any other relevant information. Personal Information: Provide the location of your Social Security card and any other important documents.
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