Not all estate divisions require a complete estate assets list. It is funny the realizations we get after working with enough families dividing estates between heirs. While some families need to list pretty much everything because someone will want it, most are finding much less than half of the items wanted by anyone. What that created is an understanding that it will often be faster for the Administrator to photograph all of the rooms and contents, upload them into FairSplit by room, but as far as listing, listing only the items most likely to be wanted will probably be fine.
Then they can give Lister permission to all heirs, so that any items in which they have interest, but not listed can be added by them easily. After everyone has reviewed the items and added what they think they may want, anything not listed can be sold or donated and the family can go straight to Emotional Value Rounds and Selection Order Rounds.
In addition to the list of physical items within your home (or homes), you may also have a long list of financial assets. It’s a good idea to compile a list of these and add them to your Estate Assests List. I found this handy checklist that will help you identify and keep track of your financial assets.
The list will jog your memory so you can compile a complete summary of your financial holdings. These may include bank accounts, CD’s, Mutual Funds, Bonds, Notes, Stocks, Annuities, IRA’s, Retirement Plans, Life Insurance Policies, and Business interests. With so many possibilities it is easy to miss one or two, the checklist could be helpful.