Here are two examples that illustrate the advantages of having a Family Love Letter & Organizational Plan in place:
Example 1: Without a Family Love Letter in Place
The father of a client was committed to a long-term nursing facility due to Alzheimer’s. The client spent four days going through her father’s papers (and making endless phone calls) trying to locate basic information about his life, long-term care, and health and disability insurance policies. She also had to determine whether he had filed his income tax returns, and discern his assets, debts and benefits from military service. Even after going through the process, she was never quite sure she had a full grasp of all the things she should know. The Family Love Letter is designed to substantially minimize this lingering worry.
Example 2: With a Lover Letter & Organizational Plan
A widowed client came to our office for a consultation. He had no children, and no one had any knowledge of his personal assets or liabilities. In his documents, he appointed an old friend as his executor. We worked with him to create a Family Love Letter & Organizational Plan, organizing all his important documents in our online vault.
When he died, his friend was able to reference his organizational plan, which included the Family Love Letter, and see that he was to be buried next to a deceased wife who died 20 years previously. He knew who the pallbearers were and how the memorial should read. After death, the letter gave the executor and our firm the basic information about his estate, including the ownership of several vacant tracts of land in other states — assets we might have had a difficult time locating without the list.
View Our Family Organizational Plan Checklist