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A letter of instruction has no legal authority, but it can provide an easy-to-understand explanation of a person's overall estate plan to their executor. A good letter of instruction should contain the following information: A complete list of all assets.
The application must be submitted along with the will (if there is one), a preliminary inventory of the estate and a certified copy of the deceased's death certificate. The fee to open an estate is $120. Both executors and administrators are known as ?personal representative? of the estate.
Estate Plan Letter of Instruction. Dear ______________ (Executor, Agent, Trustee, Loved One, Etc.) I am writing this letter to provide you with important information you will need to know in the event of my incapacity or death. Please refer to this letter for assistance as you deal with my affairs.
While attorneys' fees are not required ? obviously the executor is free to handle the estate him- or herself ? but generally most estates of any significant value will utilize the services of an experience North Carolina probate lawyer.
As you write (or type!) your letter of instruction, include all important details and information you believe will be valuable to your heirs. You might also add some personal touches along the way. Remember, this letter will be read after something has happened to you.
Here are some things to consider when drafting a letter to your executor or trustee. Your thoughts about wealth. Share your story about how you came to the assets that you are leaving in your will. How was your wealth created, what do you value and what are your long-term goals for your wealth?
Valid legal reasons to contest a will include: Lack of testamentary capacity when the decedent wrote the last will and testament. Fraud or someone exerting undue influence over the testator. Insufficient or inappropriate witnesses.
7 elements to include in your letter of last instruction Contact information. ... Legal form, document, and property locations. ... Personal and financial passwords. ... Beneficiary information. ... Guidance for pets. ... Funeral or memorial service wishes. ... Legal and financial information and wishes.