‘Spiritual’ Estate Planning

Alice Reiter Feld advises clients on “spiritual” estate planning, which focuses on how to pass down money based on values.  Many baby boomers are turning to “spiritual” estate planning because they want to make sure their values are passed along with their money.  The main goal is to leave money behind with a purpose. 

Those who are drawing up an estate plan should first determine who is among their kin. It becomes more challenging to make this decision as family relationships become more complicated.  Parents should also consider if they have passed their values on to their kids.  And if parents do not plan to leave the money to children equally, they should sit down with the children and discuss why they decided to distribute their money as they did. 

See Donna Gehrke-White, ‘Spiritual’ Estate Planning on Rise, Sun Sentinel, Dec. 23, 2012. 

Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.