Over the next 50 years, an estimated $45 trillion is expected to pass through estates to heirs and charities, the largest transfer of wealth in history. That alone justifies the importance of having estate documents in place, such as a will, powers of attorney for health care and finances, and possibly trusts.

However, there is another document that can help your heirs understand and carry out your wishes during a difficult time: a letter of instructions. Although it is not a legal document, a letter of instructions enables you to clearly describe your preferences for a variety of issues, such as organ donations, memorial/funeral arrangements, and other details that are not specified in a will or a trust.

The letter can also describe where important financial documents are located; provide the names of financial advisors, attorneys, insurance agents, and accountants; and name people to contact in the event of your death.

Once you have written your letter of instructions, take the time to review and update it regularly. Many items in the letter may be subject to change, so you might want to update it on a semi-annual or annual basis. Store your letter in an accessible location known to your family and address it to your spouse, a family member, or a close friend.

Although your will addresses many important legal matters, it may not be the most appropriate place for your personal requests. Writing a letter of instructions can help ensure that your final wishes are fulfilled and may help your family manage your estate.

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