Giving jewelry through a will or trust means that during the planning phase, for most clients, we make the jewelry a trust asset and distribute it through the trust. If there’s no formal legal title for the jewelry, at least reference it specifically on Schedule “A” and, perhaps, prepare a brief specific assignment through which that piece of jewelry is specifically transferred to the Trust.
A General Assignment should actually cover it (and use of a specific Assignment may end up calling into question the breadth of the General Assignment as to some other asset for which no Assignment or title document was prepared).
If you have it handled giving jewelry through a will or trust through the Will alone, then you’re dealing more poignantly with the complications of the value of the asset (and the other assets which may or may not cumulatively exceed the threshold which is currently $150,000), a potential probate, a potential need for a Small Estate Affidavit (Probate Code 13100, et. seq), etc.
If you have questions about how best to give jewelry through a living trust, or a will, please contact us. We are happy to help anytime.