Essentials of Survivorship Planning
There are a multitude of tasks and important decisions that need to be attended to by family members during an illness or death. Saving them from having to make difficult decisions in their time of grief is one of the main reasons to look into Survivorship Planning. By clicking the link below, you will bring your loved ones peace of mind knowing your wishes are being properly handled.
Preparing a Letter of Last Instruction
A Letter of Last Instruction is an informal document that provides your loved ones with important information and guidance after your death. While it is not a legal document like a will or trust, it serves as a practical roadmap to help your family manage your personal affairs, locate key documents, and carry out your final wishes with less stress. Keep it in a safe place and review it annually for updates.
This letter can include:
- Details about funeral or memorial preferences.
- Contact information for attorneys, accountants, financial advisors, or others you would like notified about your death.
- Locations of important documents (like your will, insurance policies, or deeds)
- A list of accounts, passwords, and digital assets
- Instructions for personal matters (pet care, social media, etc.)
- Often times this letter can also include your rational for the choices you made in distributing your personal and financial assets.
It complements your will by covering the “how-to” details that make settling your estate easier and more personal. Send a copy to your attorney and to your personal representative.