This article from the Wall Street Journal and Smart Money magazine briefly discusses the benefits of creating a Letter of Last Instruction. This is a document that you would prepare along with your estate plan to give your children or other loved ones guidance on how to help if you pass away or become incapacitated. The Letter would contain things that wouldn’t typically be found in legal documents such as locations of important documents or keys, online or bank passwords, etc. If you have any questions about Letters of Last Instruction in the context of preparation of your estate plan, please contact us.
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