Direction Memo(TM)

How to Write a Letter of Instructions for Your Estate Plan

Non-Fiction - Retirement
284 Pages
Reviewed on 02/08/2012
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    Book Review

Reviewed by Alice DiNizo for Readers' Favorite

Author Paul Caspersen shows his superior training as a financial planner in his "Direction Memo" which is a well-planned and executed workbook on how an individual should write out instructions for carrying out his/her estate. The author cites the need for writing out directions so one's survivors to know just what to do with a loved one's estate. It is like putting a desk together with directions as opposed to facing pieces of wood and wondering where they all fit. A "Direction Memo" is not a binding legal document but indicates who gets what stocks, who gets Aunt Bessie's teapot, and what creditors need payment. Family feuds and misspent funds will be avoided if the author's wise words and workbook are followed.

"Direction Memo" is a complicated but very well-written and organized text. Caspersen cautions anyone planning their estate to consider outstanding debts, the value of any owned real estate, location of personal property, family members' abilities and disabilities, how to create donations and legacies to organizations, and to put everything in writing. "Direction Memo" is intended for people with assets such as real estate, stocks, financial investments and life insurance policies. Caspersen cautions the reader to tell family members where important papers and things are located: in what drawers of what desk and, if in a safe deposit box, what bank and the location of the box's keys. There is even a section on planning one's funeral and obituary. Though not a book for the idly curious, "Direction Memo" is a highly valuable tool for estate planning and avoiding disasters after one's passing.