My F&M

A Wonderful Gift

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“As most of you know…it is my desire at the time of my death to be buried in the St Patrick Mt. Hope Catholic Cemetery”.  Thus begins a letter from my dad to his kids, written, I might add, several years before he died, while still in pretty good health.

I share this personal anecdote to call you to action.  It’s an action you would rather not take.  Here it is:  Write that letter.  You know the one.  The one where you actually give some serious thought to your “final wishes.”  Write them down and share them with your loved ones.  Trust me, this will be a wonderful gift to your family.

Most of our clients have Wills, Trusts, Powers of Attorney, etc.  Those are all critically important.  But I think the “softer side” of the estate planning gets the short end of the stick.  Too bad.  I have been helping families with financial planning for over 20 years now, so naturally, I’m beginning to work with families as they lose loved ones.  Even in the “best” situations it is a stressful, emotional time for a family.

Ok, specifically, what am I talking about?  First off, I am not talking about pre-paid funeral expenses or buying a cemetery plot – though both are perfectly reasonable and might be part of the overall “final wishes.”  I am really talking about being clear about your final wishes on such simple issues as:

  •          Will you be buried or cremated?
  •          If buried, where?
  •          What type of ceremony/celebration would you prefer?
  •          Do you want memorial gifts to any special organization?
  •          Anything else your loved ones should know?

This is not an exhaustive list by any means, and you may think some of these are obvious, or that “everyone knows” but don’t count on that.  Look ahead – you are gone (and unreachable even on your cell) and your loved ones are faced with some tough decisions in an emotional, stressful time period.  Do you really want them arguing about what type of service to have?  

While avoiding disagreements is important, perhaps more valuable is the sense of honoring your final wishes.  It provides your loved ones some peace and closure to honor and respect those wishes.  I had one client who picked out the music to be played at his funeral Mass, and the last song that was played is a popular one (“Centerfield” by John Fogerty), and it really tied in with part of the eulogy his brother gave.  To this day, every time I hear it I can’t help but think of him and smile.

So far, I have not mentioned what to do with “your stuff.”  I am not talking about investments, real estate, IRA’s, etc.  Those should be handled through your legal documents and beneficiary designations.  I am speaking of family photo albums, wedding rings, and the awesome grandfather clock.  The more direction you can give your executor and heirs about this stuff the more likely it is that the whole process is smooth and harmonious.  And don’t underestimate the psychological value of seemingly meaningless junk.  To your son or daughter that faded yard ornament may be priceless.  If you or your spouse don’t deal with this it will be left to others to figure out.  And I have unfortunately witnessed some sad “negotiations” among family members that have led to hard feelings and broken relationships.  Nobody wants that.

I am not talking about a legal document here (though certainly, if you have a lot of “stuff” you might consider incorporating it into your Will or an attachment to that Will).  I’m talking about a written communication that simply states your final wishes.  And while not absolutely critical, I would highly recommend this be shared and discussed with your loved ones while you are still around.  Needless to say, these “final wishes” will almost certainly change over time and your letter will need to change as well.

This really is a wonderful gift that each of us can give our loved ones, to be used when they need it most.  I am so thankful that my dad did this for us.  And since I started off with my dad’s letter, I’d like to share his closing with you:

“This letter is not meant to infer that I expect to use the above services in the near future, this is for information only.  With Love and Laughter, Your Dad.”

Thanks Dad!!