What is the Covet Estate Summary?
The Covet Estate Summary brings never-before-possible clarity to those who need to manage your estate after you're gone and can even provide critically important information in the case of a property insurance claim.
No one likes to think about their own death, but without clear instructions and plans in place, survivors can face significant complications, delays, costs and frustrations settling the estates of deceased loved ones. Unfortunately this happens at a time when they are grieving the loss of their loved one. By creating clear, comprehensive and organized instructions we can leave more than a legacy of assets, we can leave a legacy of caring - caring enough to bring some peace to an otherwise emotionally challenging time.
The Covet Estate summary serves as a detailed listing of your assets with clear instructions on who you wish to receive each asset and in what proportions (allocation - if practical). The Estate Summary contains important instructions on the last page on how to reference the Estate Summary in a pre-existing will to make it a statute-compliant estate planning document. This arrangement is compliant with estate planning statutes in 32 states. While not legally enforceable in 18 states and the District of Columbia, the estate summary still in these cases serve as a valuable reference to users, estate managers, and for use in insurance claims as a detailed listing of lost property. Additionally, in these 18 states and the District of Columbia, Covet automatically includes your property and asset distribution wishes directly into a will.
See also the article titled "Why should I Create a Covet Account?"
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Covet does not provide any legal, investment, accounting, financial, and/or tax advice. The Covet site includes access to software and self-help materials, which are not substitutes for the advice of an attorney, financial advisor and/or accountant.