Investments Total value of all investments that you are willing to use toward your living expenses. Other Any other assets that you may be willing to sell or liquidate. Estate or inheritance taxes on assets Taxes that are required to be paid on your assets at death. Probate costs Probate costs cover a state's legal fees for disbursing the assets of the deceased. You may incur significant probate costs, depending on your state of residence, even if you have a will.
Funeral costs All costs required to cover the cost of the funeral.
Uninsured medical costs Any medical costs that are not covered by your medical insurance. Make sure to include any deductibles. Debt repayment Credit card debt, auto loans, home equity loans, mortgages or other debt that you wish to repay. Providing the ability to repay these loans if you were to die can significantly help your family meet its monthly living expenses. Amounts you wish to provide your surviving children to cover future college expenses.