When you are planning your estate, it is essential to take time to list all of your personal property and how you want it to be distributed. Typically the personal property list will include:
- jewelry
- artwork
- antiques
- clothing
- furniture
- electronic equipment
- collectibles
A personal property list can include names of individuals you determine will receive different items. A personal property memorandum is commonly used with a revocable living trust as part of the overall estate plan. A personal property list does not need to be notarized, but you should sign and date it.
The personal property list needs to be updated over time, especially if you have a falling out with individuals you once wanted to receive certain items. To prevent confusion, list the information clearly with as many details as possible. The executor of the estate will distribute the property according to your wishes. Contact our office Ogden, UT to review your memorandum of personal property and attach it to your estate.
