Financial Asset Register
Financial Asset Register: Organise Your Wealth for Peace of Mind
If the idea of "getting your affairs in order" feels daunting, you're certainly not alone. Yet, organising your personal financial assets clearly and comprehensively is one of the most important things you can do for your own peace of mind, and especially for your loved ones after you're gone. Thankfully, this doesn't need to feel like wading through financial quicksand. To help you out, I've created a straightforward, practical tool: the Comprehensive Financial Asset Register.
Why Do You Need a Financial Asset Register?
Imagine your executor trying to figure out the extent of your wealth from scattered documents, online accounts, and vague memories. Without clear direction, this can quickly become overwhelming, leaving valuable assets unnoticed or lost. A Financial Asset Register is your way to document every significant financial detail in one clear, organised place. It ensures nothing slips through the cracks, making life much simpler for those handling your affairs in future.
More than just convenience, having a clear asset register can potentially protect your loved ones financially, helping avoid unnecessary taxes, penalties, or disputes. Whether your estate is modest or substantial, a register brings clarity, ensuring your hard-earned wealth benefits those you intend.
Why Isn't This In The Financial Section Of The Website?
Quite simply, creating an asset register forms part of the practical activities that you MUST do as part of your death planning. The Financial section is more geared towards the steps you can take to further secure your financial legacy after death (and also protect your financial future while still alive).
How the Comprehensive Financial Asset Register Helps You
My free-to-download asset register covers every conceivable type of financial asset you might own. From property and cash accounts to stocks, pensions, cryptocurrencies, collectibles, business interests, and even royalties from intellectual property, this template is designed to handle it all. It's adaptable to suit everyone, from those with simple financial affairs to those managing complex wealth.
Each section includes practical prompts to ensure you capture all necessary details clearly and completely:
Property Assets: Record key details about your home, holiday properties, and other real estate.
Bank Accounts & Investments: Detail your cash savings, stocks, bonds, and ISAs clearly, providing easy reference points for executors.
Pensions & Retirement: Ensure your various pension pots and retirement savings are clearly listed for simple administration.
Insurance & Valuables: Provide detailed records of valuable items and insurance policies, preventing confusion and ensuring everything is accounted for.
Business Interests & Debts: Clearly document ownership stakes and any amounts owed to you, preventing misunderstandings or disputes.
Emerging Assets: Even digital currencies like Bitcoin or NFTs are covered, ensuring your digital wealth isn't overlooked.
Using the Asset Register Effectively
Completing the register couldn't be simpler. Download the document in your preferred format - Excel or Word - and work through it at your own pace. Keep the completed register safe, ideally alongside your will or in a secure digital vault, and regularly review it, updating details as your financial situation evolves. I recommend that you store it with all the rest of your death documentation, and mark as complete on your Executor Guidance document.
