A letter of instruction, also known as a letter of wishes or directive to executors, is a document that allows you to provide specific instructions to your executors regarding the management and distribution of your estate after your death. It is not a legally binding document, but it can serve as a valuable guide for your executors and help ensure that your wishes are carried out as intended.
There are many different ways to write a letter of instruction. However, there are some key elements that should be included in every letter, such as:
What to Include in a Letter of Instruction
Your wishes regarding the distribution of your assets. This can include specific instructions on who should receive what, as well as how and when they should receive it.
Your wishes regarding the management of your estate. This can include instructions on how you want your assets to be invested, how your debts should be paid, and how your taxes should be handled.
Any special instructions or requests. This could include anything from instructions on how you want your funeral to be handled to requests for specific items to be donated to charity.
It is important to note that a letter of instruction is not a legally binding document. However, it can serve as a valuable guide for your executors and help ensure that your wishes are carried out as intended.
Benefits of Using a Letter of Instruction Template Bank
There are many benefits to using a letter of instruction template bank. These templates can help you:
Save time and effort. Creating a letter of instruction can be a time-consuming process. By using a template, you can save yourself the time and effort of creating the document from scratch.
Ensure that your letter is comprehensive and complete. Letter of instruction templates are designed to include all of the necessary information to ensure that your wishes are carried out as intended.
Avoid mistakes. By using a template, you can avoid the risk of making mistakes in your letter of instruction. This can help to ensure that your executors are able to carry out your wishes without any problems.
Provide peace of mind. Knowing that you have created a clear and comprehensive letter of instruction can provide you with peace of mind. You can rest assured that your wishes will be carried out as intended, even after you are gone.
Conclusion
A letter of instruction is an important document that can help ensure that your wishes are carried out as intended after your death. By using a letter of instruction template bank, you can create a letter of instruction that is comprehensive, complete, and legally sound.
Creating a letter of instruction is a simple and straightforward process that can be completed in a matter of minutes. By taking the time to create a letter of instruction, you can provide your executors with the guidance they need to carry out your wishes and ensure that your estate is distributed according to your wishes.
