What is a 'Schedule of Assets'?
The Schedule of Assets is a list of the assets that you hold in your Trust and are subject to the provisions of the Trust. This can be easily updated as you add or remove Trust assets. This document is included in the Trust-Based Estate Plan.
The Schedule of Assets and Appendix are not legally binding documents and can be adjusted as needed without signatures.
How do I create a 'Schedule of Assets' document?
When you purchase a Trust-Based Estate Plan, we create a 'Schedule of Assets' document from the information you provide to us in the questionnaire, specifically when you are asked to add your assets.
How to Access Your 'Schedule of Assets' Document
You can view, download, or print your 'Schedule of Assets' directly from your account. Simply click on Documents from the left-hand side menu bar and then select the Legal Documents tab at the top. Scroll down to find your Schedule of Assets document within the list.
How to Edit Your 'Schedule of Assets' Document
While you cannot directly modify the final 'Schedule of Assets' document that you see in the Documents tab in your account, you can add, edit, or delete assets in the Estate Inventory tab. These adjustments will then be reflected in your 'Schedule of Assets' document.
A Note on LLC-Owned Assets
If an asset is owned by an LLC or any other entity (rather than by you personally as the settlor), it will not appear on your Schedule of Assets document. Only assets held directly in your name or your trust will be reflected there.
For example, if you list a property whose owner is an LLC, that property will be excluded from the Schedule of Assets, even if the LLC itself is owned by your trust. The Schedule of Assets is intended to only list assets directly owned by you or your trust.
If you have assets held through an LLC or other entity, we recommend keeping separate records of those assets and their ownership structure outside of the Schedule of Assets document.