Financial Planning Fridays #153: Preparing a Last Letter

Hi friends. Today I want to talk with you about something deeply personal and incredibly important: writing a last letter to your family and those closest to you. As many of you know, I recently had a significant surgery. In the days leading up to it, I sat down and wrote a letter to my wife, to each of my children, to my mom, and to my team at Presilium.

In those letters, I shared how much they mean to me, the values I hope they carry forward, and the things I wanted them to always remember, especially if I wasn't around to say them. This wasn't a new idea for me. My dad actually wrote a letter to our family every month for over 40 years, including just three weeks before he passed away. Those letters are among my most treasured possessions, and I will always be grateful for them.

In my letter to my wife, I also included practical details, including a copy of our updated will and estate plan, our current balance sheet, and a list of key passwords and account information so that she could access everything if I wasn't here. I wanted to make sure that everything she might need, emotionally and financially, was in one place. I then uploaded all of it to our secure Presilium vault, so she could access it from anywhere and always have a permanent record.

To help you do the same, we have created a simple fill-in-the-blank template that can guide you through writing your own letter and organizing the important information your loved ones may one day need. If you'd like a copy or want help getting started, just let us know. We're here for you. Thank you and I look forward to talking with you next Friday morning.