- Ethical wills are a great way for clients to leave behind personalized remembrance for loved ones.
- While not legal documents, they allow individuals to speak from the heart, sharing personal stories and imparting ethical values that can endure for generations.
- They can also effectively supplement legal instructions left behind in a will or trust document.
Estate planning naturally involves such tasks as writing a will or setting up a trust. But in addition to partnering with a client’s trusted legal counsel to create these documents, you may want to suggest clients go a step further by creating what’s known as an ethical will. Despite the formality of the term, ethical wills are not legally binding and generally don’t involve the help of an attorney. They are simply letters or videos created by a client to leave behind for family and friends with messages of varying forms and lengths.