804.525.9924 info@asurest.com

Personal Property Disposition List

A useful component to your Will, the Personal Property Disposition List spells out specific gifts to friends and family.  It’s a document separate from your Will but referenced in it, that designates gifts of property to intended beneficiaries.  Do you and your daughter have a mutual love of running?  Does your nephew love antiques?  A gift of your race medals or grandfather clock through your Personal Property Disposition List will ensure your personal items go to someone who will cherish them.

One of the main benefits of a Personal Property Distribution List is that it is incorporated automatically into your will.  So if you have a lot of personal items to give and anticipate it taking awhile to decide, you can execute your will while you make these decisions.  Updates to your Personal Property Disposition List don’t require a re-execution of your will.  Similarly, you can easily make revisions.  If you change your mind and decide you want someone else to have an item, this edit can be made simply and quickly on your Personal Property Disposition List.

For more information on incorporating a Personal Property Disposition List into your own estate plan or for suggestions on making it more effective, contact Asurest to set up an appointment.

Learn More

Read the most recent posts on Personal Property Disposition Lists and estate planning from the Asurest blog.

Selecting a Guardian for Minor Children

You’ve selected a medical agent with ease, you’ve decided on an Executor under your Will . . . and now you’re faced with perhaps the greatest decision you’ll make while estate planning: who will care for your children if you’re gone?  In client discussions, this tends...

Will vs. Trust: Which is Better?

“Should I get a trust?”  “What’s the difference between a will and trust?  Do I need one?”  These are some of the most common questions I hear when planning an estate.  To understand the differences and determine which is best for you, let’s look at each one in turn....

Get Started

Get Started

First
Last
Sending