Archive for October 8th, 2009
Drafting a will might not be the most pleasant experience – after all, it’s not easy to come to terms with one’s own mortality. Still, once you get past that sticking point and think about providing for your family after you pass away, writing a will and submitting it to a will registration database stands as one of your most important final acts. Part of the process involves listing your assets – both tangible and intangible – so that you can calculate your financial worth.
Anything you own that has economic value should be considered an asset, whether it’s the beat-up family car, an heirloom jewelry set or a piece of property. Intangible assets are not concrete objects but rather patents and copyrights you might have on an invention or piece of creative work. By including all of your assets in a will, you’ll have ultimate say over the way those possessions are finally distributed.