Do you know where your assets are? Do you know how they are held? If you answered no to either of these questions, its time to track them down and make a list. Many clients these days have assets located in different cities, states, and countries. Where assets are located and how they are held matters! Assets can be, among other things, bank or investment accounts, real estate, retirement plans, vehicles, life insurance policies and even business interests. Its also important to keep your primary and contingent beneficiaries up to date. Be sure to keep track of account numbers, statements, operating agreements, and beneficiary forms. Speak with your attorney if you have questions about what information will be needed and when.
-Emily A. Helmick, Esq.