The Schedule of Assets is a crucial document that organises key asset information for easy access by family members, ensuring a smooth estate management process. It includes details on financial assets, digital assets, properties, insurance, CPF, businesses, and valuables. Regular updates are essential to avoid delays and ensure accuracy.
Writing a Schedule of Assets before their death will make it easier for the executor to identify what assets the testator owns, and ascertain how much they are worth, and help distribute the assets faster after the testator has passed away.
You can Download a fillable Schedule Of Assets (SOA) for your clients to fill up – The information gathered can help determine the complexity of the Will and the potential need for more specialised legal advice (if required).