If you total all of your assets (held in your sole name and the value of your share of assets held as tenants in common) this figure is known as your 'gross estate'. If you take this figure and less any outstanding debts and liabilities (including funeral costs following death), this provides your 'net estate'. Your estate can include the following: Property Investments Bank accounts Art Household contents and personal chattels Digital assets, such as music, film collections or Bitcoins Books Any assets held in joint names with another do not form part of your estate as these assets will pass automatically to the survivor. Read or guide here, on why you may want to make a will.