Thursday, May 19, 2022 WEALTH MANAGEMENT ESSENTIALS – Planning General Letter of Instruction & Checklist WEALTH MANAGEMENT ESSENTIALS – Planning General Letter of Instruction & Checklist


 (www.DELGALLO.COM)     Del Gallo Financial Services, LLC 

A general letter of instruction and checklist are not legal documents, but they are a good place to organize personal wishes and final comments, with an accompanying file of information, to prepare family members in the event of a death and/or disability. A letter of instruction for special needs planning may have much different information and instructions included because it generally serves a different purpose for life planning for a child with special needs. There are a number of items that can be included within the general letter of instruction; first things to do, locate estate documents, attorney information, financial planner information, cemetery and funeral details, facts for the funeral director, information for the death certificate, filing information for benefits, checklist for the executor, expected death benefits, special wishes, personal effects, personal papers, safety deposit box location, post office box, income tax returns, loans outstanding, debts owed, social security card, life insurance, veterans affairs - if applicable, other insurance, investments, household contents, automobiles, important warranties and receipts, doctors, checking accounts, credit cards, housing information, asset and liability ownership designations, obituary, and funeral arrangements. It may be important to add the person’s signature and date on the letter of instruction and include a notary stamp, if possible. A checklist in the event of death should include many items but here are a few to consider; important telephone numbers, funeral director’s location, copy of death certificate and pertinent documents, joint assets may be frozen as well as safe-deposit box, meet with advisors, itemize assets & liabilities, ask tax office for forms or call accountant, contact benefits departments, notify social security, contact insurance companies, keep track of money spent, keep spending in check, and at the appropriate time change ownership registrations. A general letter of instruction and checklist are recommended documents for families to consider including in their planning.

Any questions please contact Del Gallo Financial Services, LLC by visiting our website at Del Gallo Financial Services, LLC can arrange an educational seminar or workshop for your organization’s members and/or employees. This research commentary is intended to educate families so they may gain an introduction to a difficult planning topic and is not intended for any other purpose. Articles created by Len Del Gallo Jr., may not be copied or used without written permission from Len Del Gallo Jr.. Del Gallo Financial Services, LLC and its’ representatives do not provide tax or legal advice. Please consult your tax advisor or attorney for guidance on such matters and before implementing any strategies and/or updates to your planning. Del Gallo Financial Services, LLC is a Registered Investment Advisor and Licensed Insurance Agency. 

                                                           Works Cited

College for Financial Planning®. PFP 650: An Integrated Case Study. College for Financial

          Planning®. “M.S. Personal Financial Planning Major.” 2011: 1-73. Web. 3 Aug. 2012.

College for Financial Planning®. A Guide to Retirement Planning Managing

         Post-Retirement Risks. College for Financial Planning®. “Actuaries Risk is

         Opportunity.”Society of Actuaries. 2008. n. pag. Web. 25 Aug. 2012. Real Estate Website:
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Del Gallo Financial Services, LLC is a registered investment advisor and licensed insurance agency.
Leonard J. Del Gallo Jr., is an investment advisor representative of Del Gallo Financial Services, LLC and a licensed insurance agent.

Leonard Joseph Del Gallo Jr., a licensed Real Estate Broker Associate and independent contractor who helps clients with INVESTMENT, COMMERCIAL, & RESIDENTIAL property. Managing Brokers - Berkshire Hathaway HomeServices N.E. Properties in CT and Park Place Realty Network, LLC in FL - Berkshire Hathaway HomeServices and Berkshire's related companies & Park Place Realty Network, LLC are not affiliated with Del Gallo Financial Services, LLC. Visit: www.AVONCTREALESTATEAGENT.COM

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