Tag: family finances
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What Is a Letter of Instruction — And Why It Matters More Than Your Will
Your will tells a court what happens to your assets. Your Letter of Instruction tells your family where everything actually is. Most people have a will (or know they should). Almost no one has a Letter of Instruction. And yet it’s the document that makes everything else workable in the days immediately after a death.…
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The Exact Documents You Need When a Parent Dies — A First 30-Day Checklist
The first 72 hours after a parent dies are a blur. You’re grieving, you’re exhausted, and suddenly you have a list of things that need to happen — most of which you’ve never done before and no one prepared you for. Here’s what actually needs to happen in the first 30 days, in order: Days…
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The 5 Documents That Could Save Your Family $40,000 (And Where to Get Them)
When a family member died without a will, the family spent months — and thousands of dollars — untangling what should have been simple. What we needed wasn’t complicated. It was just never done. Here are the five documents every family needs in place before a crisis hits: 1. A Revocable Living Trust A trust…