Matt Tilmann
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thread 1/7
📝 When it comes to preparing #estateplanning documents, it's always better late than too late. Neglecting this could prove devastating for family members. Let's talk about the cornerstones of an estate plan.👇
10:24 AM - May 22, 2023
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Matt Tilmann
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thread 2/7
🔐 A will. This legal doc outlines who will manage your estate, receive your assets, & become guardian of your minor children when you pass. Without a will, these decisions fall to the state—often at added cost to those you love most. #FinancialPlanning
10:24 AM - May 22, 2023
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Matt Tilmann
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thread 3/7
💼 Durable power of attorney (POA) for finances. This delegates the power to legally handle your financial affairs should you become disabled or incapacitated. Without it, accessing your financial accounts, securities, or property may require lengthy legal proceedings. #POA
10:24 AM - May 22, 2023
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Matt Tilmann
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thread 4/7
🏥 Advance directive. This term encompasses healthcare directives, living wills, healthcare POAs, & other personalized directives, allowing you to express your preference for continued healthcare legally should you become terminally ill. #AdvanceDirective
10:25 AM - May 22, 2023
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Matt Tilmann
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thread 5/7
✉️ Letter of instruction. This informal document expresses your wishes post-death & provides your survivors & executor with important financial & personal matters that must be attended to. It doesn't carry the legal weight of a will but offers clarity & reduces worry. #EstatePlan
10:25 AM - May 22, 2023
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Matt Tilmann
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thread 6/7
📜 A Legacy Letter, also known as An Ethical Will. This document, while not legally binding, allows you to express family history, values, & important wishes for after your passing. It's written for the benefit of your heirs & loved ones. #LegacyLetter
10:25 AM - May 22, 2023
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Matt Tilmann
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thread 7/7
🔔 Remember: Preparing these documents might seem daunting, but it's always better late than too late. Not having them could lead to complications & added stress for your loved ones during difficult times. Source: https://ponderings.info/es...
10:26 AM - May 22, 2023
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