When drafting a will and estate plan, it is common to create a schedule A. What is a schedule A, and how does it work? A schedule A is a list of details about a will, trust, or estate.
A schedule A is the first attachment piece that will include a list of all assets that are transferred into a trust. Depending upon the trust, there could be multiple schedules listed to define what you own, making it easier for the trustee to administer the trust based upon your legal decisions.
No Required Format to a Schedule A
A schedule A does not have a required format you need to follow. Instead, it simply lists all the property you have transferred and has various categories of these items including:
- Real estate
- Personal property
Schedule A does not mean the trust owns the assets. If you are transferring property that does not include a title, you can list them in schedule A. Contact our office to learn more about wills, trusts, and estate planning.