How can I determine the size of my estate?
Curious about estate planning
To determine the size of your estate, you will need to take into account all of your assets, including but not limited to:
1. Real estate: Your primary residence, vacation homes, rental properties, etc.
2. Financial assets: Bank accounts, retirement accounts, stocks, bonds, mutual funds, etc.
3. Personal property: Artwork, jewelry, vehicles, furniture, etc.
4. Business interests: Shares in a family business, partnership interests, etc.
Once you have a comprehensive list of all your assets, you can calculate the total value of your estate by adding up the fair market value of each item. It is important to remember that the size of your estate may fluctuate over time due to changes in the value of your assets or changes in your life circumstances.