New Update: Healthcare Costs Increasing by Over 60% in Some States. Will you be impacted?

Moody's Families: Why a Letter of Instruction Can Simplify Estate Planning

Healthcare Provider Update: Healthcare Provider for Moody's: Moody's Corporation itself is primarily a financial services company known for its analytical and credit rating services. It does not operate as a healthcare provider. However, within the healthcare sector, it analyzes health insurers and hospital systems, assessing their financial viability and operational performance. Healthcare Cost Increases in 2026: In 2026, healthcare costs are projected to soar, driven by several interlinked factors. A significant sunset of enhanced Affordable Care Act (ACA) subsidies could lead to out-of-pocket premiums skyrocketing by over 75% for many consumers. Compounding this, record-breaking requests for premium increases -with some states reporting hikes of over 60% -reveal an industry grappling with heightened medical expenses and operational pressures. Insurers, even with reported profits exceeding $31 billion, face the reality that escalating rates and diminishing financial support threaten the affordability of healthcare coverage for millions moving forward. Click here to learn more

'Moody's employees can bring more clarity to their estate plans by using a well-organized letter of instruction, which is a practical way to help families navigate important decisions with greater confidence.' — Michael Corgiat, a representative of The Retirement Group, a division of Wealth Enhancement.

'Moody's employees can create a smoother transition for their families by using a clear letter of instruction, which can be an effective way to support loved ones during estate administration.' — Brent Wolf, a representative of The Retirement Group, a division of Wealth Enhancement.

In this article, we will discuss:

Why a letter of instruction can support your estate plan.
What to include in a letter of instruction.
How Moody's employees can use a letter of instruction to help streamline estate administration.

Important Lessons

Estate planning documents like a will and a revocable trust are important, but they might not give your family all the information they need to handle your affairs when you pass away, especially for Moody's employees with complex benefits.

In addition to an estate plan, a letter of instruction can offer your loved ones more information about your assets and personal preferences.

A letter of instruction can contain additional details, such as burial plans and the placement of essential documents, but it should not conflict with your estate planning documents.

Your loved ones might not know who to call, where to find your assets, or how to recognize reputable creditors if something were to happen to you today. By providing clear, supplemental guidance, a letter of instruction can help reduce the stress and work involved in the estate administration process.

A Letter of Instruction: What Is It?

A letter of instruction is an informal document outlining your assets and last wishes, sent to an executor, personal representative, or family members. It adds helpful information not included in legally binding estate planning documents like a will or revocable trust. For Moody's employees managing multiple retirement and savings plans, a letter of instruction can help simplify administration for family members, even though it is not legally required.

Since this letter is informal, it can be updated without consulting an attorney as circumstances change over time. It can contain supplementary information that supports your estate plan, but it should not contradict anything in your legal estate planning documentation.

How to Compose an Instructional Letter

Funeral Plans

You might provide information about your preferred funeral or burial type, funeral home, clergy member, music, speakers, or tribute. You can also include details about pre-paid or pre-arranged funeral or burial plans and where related paperwork is located. Some people also provide biographical details—something Moody's retirees can include for clarity.

Crucial Records

You can note the location of your Social Security card, recent bank account statements, deeds, titles, mortgage documents, important records, and estate planning documents. Some individuals also indicate where to find recent tax returns, which may help identify assets or income sources. If these documents are stored in a lockbox or vault, providing access instructions may be helpful.

Contact Details for Financial Representatives

The names and contact information for bankers, tax preparers, lawyers, insurance agents, real estate agents, and financial advisors can be included in the letter. These professionals can assist with background information, asset identification, account transfers, and final tax filings.

Details of the Assets

You can list your assets’ locations, titling, identifying details, and current values. This may include real estate, stock certificates, savings bonds, annuities, time shares, bank accounts, brokerage accounts, retirement accounts, company interests, safe deposit boxes, life insurance, and personal belongings with monetary or sentimental value.

Computer Files and Online Accounts

You may wish to list your digital files and accounts and designate a successor in your estate planning documents to manage them, since state and federal laws may limit access without written approval. For Moody's retirees who store retirement and benefits information online, this documentation may help reduce challenges.

Details of Debt

You can include information regarding your debts, such as account numbers, balances, statements, and lender contact details.

Beneficiary Details

The beneficiaries listed in your estate plan, along with their contact details, may be included in the letter. This makes it easier for an executor to locate and communicate with those who will receive assets—an important step for families with Moody's retirement accounts.

Pets

You can specify who you want to care for your pets and any specific instructions if your estate documents do not mention them. You may also include your veterinarian’s contact information.

Distribution List for Personal Property

Some states allow individuals to draft a separate document listing specific items of tangible personal property and their intended recipients, as long as the will references the list. Even in states where this is not legally binding, a letter of instruction can still guide your executor and help minimize disagreements.

Private Notes and Clarification of Goals

Some people include private notes or explanations for their decisions regarding inheritance or financial principles. Although not legally binding, these notes can help prevent misunderstandings.

What Does a Letter of Instruction Not Need to Include?

A letter of instruction should not repeat information already found in your estate planning documents. It is intended to provide additional details only.

It also should not be used to make changes to legally enforceable estate documents. Informal updates are not binding and may create conflicts.

Where to Store Your Instruction Letter

You can keep a copy of the letter with your estate planning papers, provide one to your lawyer, or place it somewhere your family is likely to look first. You can also share a copy with your executor and discuss it with them if you feel comfortable. Updating the letter each year is useful as assets and personal information change—particularly for Moody's employees with evolving retirement benefits.

Do You Need Guidance?

The Retirement Group can help you prepare for retirement if you are updating or creating your estate plan and want assistance organizing your family’s financial information. Call us at (800) 900-5867 .

Featured Video

Articles you may find interesting:

Sources:

1. Parker, Craig. “How to Write a Letter of Instruction: A Step-by-Step Guide.” Trust & Will, n.d.,
https://trustandwill.com/learn/how-to-write-a-letter-of-instruction . Accessed 1 Dec. 2025.

2. AARP Education & Outreach. “State Your Intentions With a Letter of Instruction.” AARP, 9 Nov. 2022,
https://www.aarp.org/money/retirement/letter-of-instruction/ . Accessed 1 Dec. 2025.

3. Kuffel, Hunter. “Writing a Letter of Instruction for Your Estate Plan.” SmartAsset, 12 Oct. 2025,
https://smartasset.com/estate-planning/letter-of-instruction . Accessed 1 Dec. 2025.

4. McDonald Jacobs. “Letter of Instruction in Estate Planning.” McDonald Jacobs: Portland, Oregon Accountants & Business Consultants, n.d.,
https://www.mcdonaldjacobs.cpa/letter-of-instruction-in-estate-planning/ . Accessed 1 Dec. 2025.

What type of retirement plan does Moody's offer to its employees?

Moody's offers a 401(k) savings plan to help employees save for retirement.

How can employees enroll in Moody's 401(k) plan?

Employees can enroll in Moody's 401(k) plan through the company's benefits portal during the enrollment period.

Does Moody's match employee contributions to the 401(k) plan?

Yes, Moody's provides a matching contribution to employee 401(k) accounts, subject to certain limits.

What is the maximum contribution limit for Moody's 401(k) plan?

The maximum contribution limit for Moody's 401(k) plan is in line with IRS guidelines, which can change annually.

Can employees at Moody's take loans against their 401(k) savings?

Yes, Moody's allows employees to take loans against their 401(k) savings, subject to specific terms and conditions.

What investment options are available in Moody's 401(k) plan?

Moody's 401(k) plan offers a variety of investment options, including mutual funds and target-date funds.

How often can employees change their contribution amounts in Moody's 401(k) plan?

Employees can change their contribution amounts to Moody's 401(k) plan at any time, subject to plan rules.

What happens to my 401(k) savings if I leave Moody's?

If you leave Moody's, you can roll over your 401(k) savings into another qualified retirement account or leave it in the plan, depending on the balance.

Is there a vesting schedule for Moody's 401(k) matching contributions?

Yes, Moody's has a vesting schedule for matching contributions, which determines when employees fully own those funds.

Can employees at Moody's access their 401(k) savings before retirement?

Employees at Moody's may access their 401(k) savings before retirement under certain circumstances, such as financial hardship.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.

Name of Plan: Moody's does not appear to have a traditional defined benefit pension plan but instead offers a 401(k) plan. Years of Service and Age Qualification: Specific details on years of service and age qualifications may not be applicable as there is no traditional pension plan. Pension Formula: Not applicable. Who Qualifies: Employees are typically eligible for benefits under the 401(k) plan rather than a pension plan. Name of Plan: Moody’s 401(k) Retirement Plan. Who Qualifies: Employees who meet the eligibility requirements can participate. Typically, full-time employees are eligible to participate in the 401(k) plan. Contribution Details: Employees can contribute a percentage of their salary, and Moody’s may offer a matching contribution.

Restructuring and Layoffs: Moody's Corporation announced a significant restructuring initiative in early 2023 aimed at streamlining operations and reducing costs. This restructuring included the elimination of several positions across various departments. The decision was driven by a need to enhance operational efficiency and adapt to changing market conditions. The layoffs affected both senior and junior roles, emphasizing the company's strategic shift towards more agile and streamlined operations.

Company Filings: Look at Moody’s annual reports (10-K) and quarterly reports (10-Q) filed with the SEC. These documents often contain detailed information on stock options and RSUs. Investor Relations: Visit Moody’s Investor Relations website. They usually provide access to annual reports, earnings releases, and proxy statements that include details about compensation packages. Financial News Websites: Sites like Bloomberg, Yahoo Finance, or Reuters may have articles or reports about Moody’s compensation practices and stock options. SEC EDGAR Database: Search for Moody’s filings in the EDGAR database for detailed financial and compensation information.

2023 Adjustments: Moody’s made adjustments to their healthcare plans in 2023 to offer more flexible options, including increased contributions to HSAs and expanded telemedicine services. 2024 Initiatives: For 2024, Moody’s has introduced new wellness programs and enhanced mental health support as part of their benefits package. This includes expanded access to counseling and mental health resources. General Trends: Moody’s is aligning with broader trends in the industry towards more flexible and employee-centric healthcare solutions, emphasizing mental health and preventive care.