Last Will & Testament: Add a Letter Covering These 14 Wishes Potomac Financial Private Client Group, LLC 6723 Whittier Avenue, Suite 305 McLean, VA 22101 703-891-9960
[email protected] www.potomacfinancialpcg.com By Richard Atkinson Having a will is necessary, but there is a great deal of information the legal document does not include. Here’s what to cover in a supplemental letter that specifies preferences, discloses critical logistic info, and will save your family significant stress during a difficult time. You might be surprised how many people die each usually not included in the will. Here are several year without a will. There are numerous reasons suggestions you may consider including in your or for this major oversight, including those who your loved one’s accompanying letter: cannot or will not think about death, those who believe talking about and creating a will may cause problems with their partner or family members, 1. People to be notified at the time of death. and those who don’t want to spend money on Certain people and institutions need to be lawyers. notified at time of death, including your lawyer, executor, trustee, and accountant, along with Having a proper will goes a long way to prevent federal pension authorities. Relatives and family arguments. The guesswork is eliminated and special friends will want to know as soon as the family is clear on your intentions. Furthermore, possible, so providing the names, addresses, a will may actually save money, because without and telephone numbers will make it easier for one, the provincial/state authorities are in control, the person assuming this responsibility.