As you enter your twilight years and start to get very serious about planning your estate you will invariably take stock of the things that you learned throughout your life. Preparing to pass along your financial assets to your loved ones can lead to a lot of soul-searching, and you tend to recognize that your absence will create a void of wisdom, knowledge, and experience that cannot be replaced. You can remember the countless times when family members came to you for advice, and even though you had a checkbook sitting in your desk drawer, you knew that there was no monetary solution to the challenges that they were facing at that time.
But nobody lives forever and there will come a time when you will not be available to your loved ones, but you can leave behind access to the same spiritual and ethical values that you yourself turned to throughout your life through the execution of an ethical will. An ethical will is not a legally binding document; it can be described as a last letter to your loved ones revealing the innermost contents of your heart and soul.
The tradition of the ethical will dates back to the book of Genesis, and these documents have been used by Jewish families and rabbis alike for centuries. These days ethical wills are recommended by many estate planning attorneys as a way to provide your loved ones with some useful words of wisdom that are especially profound considering the fact that they will be shared at a time when your family members will be receiving what may perhaps be life-changing sums of money.
We appreciate you following us and value your comments and input. Please provide your thoughts by using the comments section on our blog page.
You Can Also Find Us Online: Facebook | Twitter | LinkedIn
- Attorneys Want to Help - December 14, 2016
- Trusts and the Estate Tax - December 14, 2016
- What Is a Third Party Special Needs Trust? - December 14, 2016
