What kinds of assets should I include in my estate plan?
As a lawyer, I would advise that you should include all of your assets in your estate plan, regardless of their value or significance. This includes property, bank accounts, investment accounts, retirement accounts, personal belongings, and intellectual property.
It is important to note that some assets may have their own designated beneficiaries that override your estate plan, such as life insurance policies or retirement accounts with named beneficiaries. In these cases, it is still important to regularly review and update your estate plan to ensure that all of your wishes are being carried out as intended.
Additionally, if you have assets that are located in multiple jurisdictions, you may need to consider creating a separate estate plan for each jurisdiction to ensure that your assets are distributed according to the laws in each location.
Overall, creating a comprehensive estate plan with the help of a licensed attorney can provide peace of mind and ensure that your assets are distributed according to your wishes.