When someone dies

No one likes to think about these things, but the purpose of this letter is to help everyone take care of Daniel when Sharon and I die. I've put together three checklists, one for me, one for Sharon, and one for the second of us to die. So, if I die first, you use my checklist. When Sharon dies later, you use the both the checklist for Sharon and the second-to-die checklist.

Checklist to Follow When I Die

When I die, there are a number of things to do:

• Call Harris Lawton, our lawyer, so he can help you adjudicate the will. Call Henry Sussman, our financial advisor.
• Ask Harris and Henry for advice on transferring assets to Sharon's name, such as the house, bank accounts, and other investments. He'll help you understand how and when to do that. Remember to dispose of the 401(k) account with AT&T. For a complete list of our assets, see "Assets" on page 53.
• Collect on the accidental death and dismemberment policies, if they apply. The companies to contact are in the file marked "Life Insurance."
• Call my AT&T manager, Hamilton Kern, at 203-476-3469. Ask for help answering AT&T benefits questions. Explain that I had an AT&T Group Life Insurance policy and ask for help filing claims. If my manager has changed by that time, ask him who my current manager is.
• You'll have some decisions to make as to how to invest the insurance proceeds. You may want to pay burial expenses and invest the rest. If you don't feel competent to invest it yourself, you can contact Harry Lawler, Henry Sussman, and Samuel Miller for help in investing it wisely. I'm sure they can recommend people to help if you don't want Henry to continue as the advisor.

Checklist to Follow When Sharon Dies

When Sharon dies, there are other tasks required:

• Call Harris Lawton, our lawyer, so he can help you adjudicate the will. Call Henry Sussman, our financial advisor.
• Ask Harris and Henry for advice on transferring assets to my name, such as the house, bank accounts, and other investments. He'll help you understand how and when to do that. Remember to dispose of Sharon's IRA account. For a complete list of our assets, see "Assets" on page 53.
• File a claim for the AT&T Group Life Insurance policy.
• You'll have some decisions to make as to how to invest the insurance proceeds. You may want to pay burial expenses and invest the rest. If you don't feel competent to invest it yourself, you can contact Harry Lawler, Henry Sussman, and Samuel Miller for help in investing it wisely. I'm sure they can recommend people to help if you don't want Henry to continue as the advisor.

Second-to-Die Checklist

When the second of us dies, on top of the appropriate checklist to follow above, there are some additional things to consider:

• Your biggest decision will be on placing our children in the right setting(s). See Guardians on page 10 for more information. As part of this decision, you need to decide whether to move into our house, or sell it. The guardians should contact the children's schools to let them know what has happened.
• Contact Henry Sussman to file a claim on our second-to-die insurance. It was designed to be used to fund the Lee Family Trust.
• You should also speak to Harris Lawton and Henry Sussman about how to fund the Lee Family Trust and how to manage the testamentary trusts in our wills. See "Trusts" on page 14 for details.
• You should contact AT&T to inquire about how to handle the children's medical benefits. See "Insurance" on page 18 for more information.
• When Daniel reaches age 18, he may be eligible for government benefits.

Important Documents

When someone dies, it is very important to lay your hands on all needed documents. This section describes what those documents are and where you'll find them.

Our most important documents are in our safe deposit box. It's box #1000 at the Citizen's First National Bank branch at 67 Lincoln Turnpike in Dumont, New Jersey. There are two keys, one in our garage file cabinet and one that Uncle Les holds. These documents are stored there:

• Sharon's and my wills
• Power of Attorney documents for Sharon and me (with letters that allow them to be revoked, if necessary, and a sample letter to the county clerk to record the revocation)
• Health care directives for Sharon and me
• Our house deed
• The Lee Family Trust document All of our other important documents can be found in these locations:
• the file cabinet in the garage
• the file drawer in Sharon's desk in the family room
• the file cabinet in my office in the basement (the office key hangs on the office door jamb and a copy is in the fire safe)
• the directory "c:/Data/All_about_Daniel" on Sharon's computer

Note that Daniel does not have a will. Because virtually all of his assets are owned by the trust, Daniel does not need a will. Upon Daniel's death, the trust will distribute the remaining assets among Daniel's siblings.