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More Emotional than a Will or Trust
By Staff Reporters
Many doctors and medical professionals, on drafting their wills or trust documents, feel that these legal documents do not adequately convey the emotional qualities that may be important when assets are passed after death. A testamentary letter can be used to convey such concerns, as they are impacted by the passage of assets. When unequal distributions of estate assets are given to children, a testamentary letter can outline the reasons.
Example:
The oldest daughter may be an established attorney who does not have the financial need for a large bequest, whereas the youngest son is a struggling artist. A testamentary letter might convey a parent’s wishes that the children use a portion of the assets received to continue the charitable giving programs that the parent has started—a desire that may not be a legally enforceable condition through the will.
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Filed under: Estate Planning | Tagged: Estate Planning, Testamentary Letter, trusts, wills |
The Leading Business Education Network for Doctors, Financial Advisors and Health Industry Consultants 
About http://www.Mystatewill.com
Mystatewill.com is a remarkable website that provides information relating to the intestate distribution of a decedent’s estate according to the decedent’s personal and financial circumstances. It presents free intestacy calculators for all states and the District of Columbia, links to selected portions of state intestacy laws, an interactive summary of state intestacy laws, a degree of kinship chart and other resources.
It features per stirpes and per capita calculators that compute the amount of the net estate passing to each heir based on such estate divisions. It also has facts and charts on degrees of kinship, intestacy law, family member shares and blended family shares.
Ann Miller RN MHA
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