Tuesday, 15 September 2020

A Guide to Writing a Letter of Last Instruction

Thinking about one’s last few days on earth definitely isn’t something that appeals to anyone. However, it is important to plan ahead in order to ensure that your family members are covered, both from a practical and an emotional perspective. One of the ways in which to do this is through a letter of last instruction. Follow this simple guide to write one of your own or to help an elderly loved one to write theirs.

What is a letter of last instruction?

It is a letter that usually accompanies your last will and testament, but is a lot more informal in nature. A letter of last instruction revolves mostly around estate planning with the main goal of communicating the various instructions that you want your surviving family members to follow shortly after your passing. It should help your family to navigate the estate administration process, especially in terms of financial, personal, and funeral-related matters.

A comprehensive letter of last instruction should include the following details:

• A list of personal, business, and financial contacts: This list should include all individuals whom you wish to be notified in the event of your death. Be sure to include each individual’s/company’s name and contact number. It is wise to include contact details for your chosen attorney, accountant, insurance providers, etc.
• How to find important legal documents and forms: Provide details regarding the location of all important legal documents and forms, such as deeds, birth/marriage/death certificates, and your will.
• Passwords: If you tend to use the internet for online shopping, banking, or anything else, it is recommended that you include your username and passwords in your letter of last instruction. This will make it easy for your family members to close your accounts for security reasons.
• Any important information: Any extra important information that you need your family members to be aware of should appear in your letter, too. For example, if you have any outstanding debts, you must provide a list of your creditors along with your account numbers, terms of payment, etc.
• Information regarding beneficiaries: Most of your larger assets will appear in your will – but what about your smaller ones? Make a list of these in your letter detailing who you want each one to go to. You can also take the opportunity to explain why you have made certain decisions in your will.
• Pets: If you have pets, supply details on how they should be cared for and who you wish to take ownership of them.
• Funeral: Should you have any specific desires for your funeral or memorial service, you can communicate them here.

Don’t forget to date and sign your letter and to update it on a yearly basis.

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