Letters of Instruction – Key to Your Planning

Completing a will and/or trust is not enough to assure your wishes will be carried out. You need to give personal instructions and guidance to those people who will manage your assets if you are disabled, or who will manage assets or trusts for heirs you choose to benefit. If you are incapacitated the person you designate in a power of attorney or revocable trust will need to know what bills to pay, passwords, where your accounts are located and other practical information. If you have minor children instruction to guardians and trustees as to how the children should be raised is another type of letter of instruction. If you are ill, instructions and personal guidance to your health care agent may be vital.