A letter of instruction is a legally non-binding document that gives your heirs information crucial to helping them tie up your affairs. Without such a letter, it can be easy for heirs to miss important items or become overwhelmed trying to sort through all the documents you left behind. ...
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Legal
Everyone should have a durable financial Power of Attorney, durable health care Power of Attorney and a Living Will Declaration. Consider whether you want your new spouse to have the authority to deal with your financial affairs or if you plan to keep your finances separate from your spouse’s. A prenuptial agreement may dictate how that is handled. Consider whether you would rather have your children making medical decisions for you. This may include end-of-life choices, so be careful who you choose. ...
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Modifications may be necessary to make your home accessible and safe. If you pay for the modifications because it’s your house, it might not make your house more valuable. Sometimes they make your home less desirable when you eventually sell it. You need an open and honest discussion with your folks as to who pays the costs, and it probably makes sense to put it in writing. ...
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If you legally change your name because of marriage, divorce, court order or any other reason, you must notify Social Security right away so you can get a corrected card. You need an updated Social Security card to work, collect Social Security benefits and receive certain government services. You cannot apply to change your name online. ...
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