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The Importance of Assets

Make a list of your assets (eg. Real estate, bank accounts, retirement accounts, CD’s, stocks/bonds, life insurance, etc.). Next to each asset, note whether you own them alone or jointly with someone else. As to each asset, list whether or not you have named a beneficiary to receive the asset upon death.


If you own an asset jointly with someone else or have a named beneficiary, the asset will not have to be probated. Probate is the process of changing the legal title from the decedent’s name to the living beneficiaries.

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