List your assets — include a description, approximate value. Include any loans or debts against each asset. Examples: property, bank accounts, vehicles, investments, KiwiSaver, business interests. Listing account details helps.
Jointly owned assets generally fall into one of two categories. In joint tenancy, the asset passes automatically to the surviving owner on your death. In tenants in common, you own a distinct share that forms part of your estate. Recording each jointly held asset here, with how it is owned where known, helps your executor identify what does and does not pass under your Listing account details helps.
Life insurance proceeds pass directly to any beneficiary nominated on the policy (if applicable). Where no beneficiary is nominated, proceeds form part of your estate. Recording each policy here, with provider, policy number, coverage amount, and named beneficiary helps your executor identify and claim the proceeds.
List any specific items you want to go to particular people or charities. Specific gifts under this Will take priority over the general distribution of the residue of the estate under the Foundation Will. If any item specifically gifted under this Will is no longer owned or available at the date of the Will maker’s death, that gift shall fail and no substitute or compensation is to be provided. Any cash gifts are to be paid only to the extent that sufficient funds remain in the estate after payment of all debts, liabilities, funeral and testamentary expenses, and administration costs.
Provide any additional notes with respect to your assets (liabilities against those assets) and your intentions with regard to gifts.
