Listen to a Business English Dialogue About Letter of last instructions
Ruby: Hi Lydia, have you ever heard of a letter of last instructions in business and finance?
Lydia: No, what is it?
Ruby: A letter of last instructions is a document that outlines a person’s wishes for their assets and affairs after they pass away.
Lydia: Oh, I see. So, it’s like a set of instructions for what should happen to their belongings and finances?
Ruby: Exactly. It can include details like funeral arrangements, distribution of assets, and important contacts to notify.
Lydia: Are letter of last instructions legally binding?
Ruby: They’re not legally binding like a will, but they can provide guidance to family members and executors in carrying out the deceased person’s wishes.
Lydia: I see. So, it’s more like a personal guide for loved ones to follow?
Ruby: Yes, exactly. It’s a way for individuals to ensure their wishes are known and respected after they’re gone.
Lydia: That sounds like it could be a helpful document for families during a difficult time.
Ruby: Absolutely. It can help alleviate some of the stress and confusion that can arise after a loved one’s passing.
Lydia: How do people create a letter of last instructions?
Ruby: They can draft it themselves or work with a lawyer to ensure it covers all necessary aspects and is legally sound.
Lydia: Thanks for explaining, Ruby. Letter of last instructions seem like an important part of estate planning.
Ruby: No problem, Lydia. It’s an often overlooked aspect of planning for the future, but it can provide peace of mind for both the individual and their loved ones.