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Rutgers, The State University of New Jersey
Camden Newark New Brunswick/Piscataway

Retired Faculty Association

Serving the needs and interests of retired faculty.

Preparing for Estate Planning: Sample

Sample: One-Page Summary of the Dough Estate

(KEY: JD=John Dough, MD=Mary Dough, RD and AD=children of the Doughs; B=Beneficiary, CB=Contingent Beneficiary, J=Jointly Owned)

Insurance

MetLife (JD)

100,000

B=MD

CB=RD (50%) AD (50%)

Prudential (MD)

100,000

B=JD

CB=RD (50%), AD (50%)

State of New Jersey (JD)

45,000

B=MD

 

Pensions

TIAA-CREF (JD)

1,000,000

B=MD

CB=RD, AD (50%), Rutgers (50%)

Ourtown EduFund (MD)

300,000

B=JD

CB=RD (50%), AD (50%)

IRAs

Teachers (JD)

80,000

B=MD

 

Merrill Lynch (MD)

90,000

B=JD

 

Other Investments

Fidelity Mutual Fund (JD)

150,000

B=MD

CB=RD (50%), AD (50%)

Duff & Phelps (MD)

50,000

B=JD

CB=Ourtown Community Fund

Cash

RU Fed Credit Union (JD)

12,000

B=MD

 

Ourtown Credit Union (MD)

38,000

B=RD (50%), AD (50%)

 

Real Estate

Principal Residence (J)

200,000 (*)

   

Miscellaneous Valuables

Antiques, Furnishings, Cars

50,000 (*)

   

TOTAL

1,970,000

   

(* Accounted for in reciprocal wills)

 


For questions or comments about this site, contact thunt@scils.rutgers.edu

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