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Checklist of Assets Your Loved One Might Have Owned

If your loved one has recently passed away, it can be very overwhelming to deal with an emotional loss, making funeral arrangements, paying bills, and trying to find out what assets your loved one owned. In the midst of grieving and possible family strife over inheritance, making arrangements and handling the estate affairs can be a daunting process. We’re here to help. Contact the Oak Brook Estate Attorneys today.

Photo taken by Colleen L. Sahlas
 

Below is a sample list of potential assets to check into to find out what your deceased loved one may have owned:

  • Safety Deposit Box(es)
  • Real Estate
    • Family Home
    • Vacation Home(s) and/or Land
    • Time Share
    • Real Estate for investment purposes
    • Rental Property(ies)
    • Gas or Oil Leases
    • Burial Plots
  • Cash
  • Deposit Accounts:
    • Checking
    • Savings
    • Money Market Accounts
    • Certificates of Deposit
    • Bank Accounts
    • Credit Union Accounts
    • Security Deposits
  • Investments:
    • Brokerage Accounts
    • Stock Certificates or Book Shares
    • Bonds
    • Margin Accounts
    • Mutual Funds
    • Annuities
    • Viaticals
  • Retirement Interests:
    • IRAs
    • 401(k)s
    • SEPs
    • Annuities
    • Keogh Accounts
    • Profit Sharing Accounts
    • Tax Deferred Accounts
    • Pensions
  • Business Interests:
    • Interest in a closely held corporation
    • Joint Ventures
    • Partnership Interests
    • Stocks and Interest in unincorporated business
  • Possible vested benefits from employment:
    • Pension death benefit
    • Payment of accrued vacation or sick leave
    • Deferred compensation
    • Bonuses
    • Commissions
  • Possible Refunds, such as a tax refund
  • Insurance Policies
    • Life Insurance
    • Accidental Death 
  • Capital Accumulation:
    • Deferred Salary Plan
    • Cash Bonus Plans
    • Deferred Profit Sharing Plans
    • Short-Term Deferred Income
    • Stock Bonus Plans
    • Stock Purchase Plans
    • Share Unit Plans
    • Stock Appreciation Rights
    • Stock Options
    • Phantom Stock
    • Incentive Growth Funds
  • Money Owed to the Decedent
  • Loans given to private persons (Notes receivable)
  • Beneficial interest in an estate/trust
  • Intellectual Property:
    • Patents
    • Copyrights
    • Trademarks
    • Royalties
    • Other intellectual property
  • Personal Property:
    • Automobiles, trucks, motorcycles, campers and trailers, boats, planes, farming vehicles, snowmobiles, other recreational vehicles or other vehicles
    • Valuable equipment such as sporting equipment, restaurant equipment, tools, photographic equipment, or equipment related to other vocations and/or hobbies
    • Valuable musical instruments, artwork, heirlooms, jewelry, china, crystal, furs, antiques
    • Valuable Collections such as guns, art, wine, coins, stamps, books, etc.
    • Valuable animals such as pets and livestock
    • Furniture and furnishings
  • Possible Unclaimed Property held by the State, such as the Treasurer of the State of Illinois