What is a letter of intent and how does it work?

A letter of intent is an important document in estate planning. It is a document that expresses the wishes of an individual regarding their estate plan after their death. The letter is not legally binding, but it can be used as evidence of the wishes of the deceased in court if their wishes conflict with the terms of their will. In Arizona, a letter of intent can be used to provide important information to an executor or other person overseeing the estate plan. It can be used to provide guidance about the individual’s wishes regarding the distribution of their assets, the care of their pets, and other matters that the executor may need to know. It can also be used to provide evidence that the individual wanted to make certain charitable donations or other dispositions of their property. A letter of intent is often written with the help of an attorney. It can provide clarity and direction to an executor or other person overseeing the estate plan. The letter should be specific about the individual’s intentions, providing as much detail as possible so that their wishes can be followed. Furthermore, the letter can be updated over time as circumstances change, and should be kept up to date to ensure that the individual’s wishes are respected.

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What is a letter of intent and how does it work?

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