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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.
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.
Also known as a letter of intent, a letter of instruction is specifically designed to express the deceased's final wishes?everything from how the estate plan should be carried out to the location of important documents and guidance for loved ones.
The Personal Representative must file a final account, report and petition for final distribution, have the petition set for hearing, give notice of the hearing to interested persons, and obtain a court order approving the final distribution.
A letter of direction is a legal document that a client signs in order to acknowledge and direct the lawyer to take a fee for the Mortgage transaction. The signature on a letter of direction must be witnessed.
This is when courts transfer the ownership of assets to beneficiaries or heirs. The final distribution only occurs when the estate is settled, meaning all creditors and taxes have been paid, all disputes have been resolved, and the judge gives final approval.
Also known as a letter of intent, a letter of instruction is a document that provides specific information regarding your preferences on anything from medical care to your funeral to the distribution of your assets and property. A letter of instruction isn't legally binding in any way, unlike a last will.