My Assets
Managing and organising your assets is crucial for effective estate planning. Our Personal Assets Inventory Booklet (PAIB), more commonly known as a Schedule of Assets, is designed to help you easily catalog and update your financial and personal information in one place.
Benefits of a Schedule of Assets
Comprehensive Asset Overview
Keep all your financial and personal information organised in one place.
Simplified Estate Administration
Provide clear guidance to your loved ones and reduce delays during asset distribution.
Avoid Overlooked
Assets
Ensure that no important assets are missed when planning your estate.
Peace of
Mind
Provide access to critical information for your Executor to carry out your instructions with ease.
Regular
Updates
Conveniently review and update your asset inventory as your financial situation changes.
Better
Communication
Facilitate discussions with your estate planner, executor, or trusted contacts.
Preparedness for
Unexpected Events
Be ready with essential information for unforeseen circumstances or emergencies.
Reduces
Family Disputes
Clear documentation can help prevent conflicts among beneficiaries by providing a clear plan for asset distribution.
A Schedule of Assets is a detailed inventory that includes financial accounts, property, investments, insurance policies, and other significant belongings. It serves as a centralised document that records key information about your assets, providing clarity and reducing the chances of missed assets during estate administration.
The Schedule of Assets is also a supporting document that is required when a personal representative is making an application for either the Grant of Probate or the Grant of Letters of Administration.
Everyone, regardless of wealth or estate size, benefits from having a Schedule of Assets.
Whether you have a simple portfolio or more complex holdings, this tool ensures that your loved ones and executors have a clear guide to your assets, making estate management easier for all.
The best time to prepare a Schedule of Assets is now. Life is unpredictable, and having an up-to-date record ensures that your estate planning is always in place, whether you’re drafting a Will, updating your financial plans, or simply organising your affairs.
A Schedule of Assets is essential for ensuring a smooth and stress-free estate administration process. It minimises the risk of missed assets, reduces potential disputes, and ensures your loved ones have a clear roadmap during difficult times. This document offers peace of mind that your estate will be managed according to your wishes.
Your Schedule of Assets should be stored in a secure yet easily accessible location. While keeping it with other important legal documents like your Will is common, entrusting it to a professional service ensures enhanced security and peace of mind.
At PreceptsGroup, our custody services offer secure storage solutions, keeping your Schedule of Assets safe while allowing access to authorised parties when needed. Consider leveraging our trusted products for the safekeeping of such critical information, ensuring that your estate planning documents are always protected and readily available.
How should you store your Schedule of Assets?
Keeping your Personal Asset Inventory Booklet (PAIB) in Safe Custody together with your Will enables your Executor/Trustee to gather your assets with ease which saves time and confusion.
For Existing Precepts Clients:
To avoid tampering, leakage or loss, place your PAIB in an envelope, sealed with your signature across the flap.
Please write your full name, NRIC and date on the top left-hand side of the envelope.
Address to: PreceptsGroup International
Attn: Will/Custody Department (PAIB)
10 Anson Road,
#06-17, International Plaza.
Singapore 079903
Drop it off to us at our address or send it to us using Registered mail.
