Those that are planning for the disposition of their assets after death are often just as concerned with the lessons they have learned in life being passed down to the next generation as their wealth. Writing an ethical will is an excellent way for a client to pass down their hopes for the future without imposing any conditions on the property that will be inherited. These wills may give peace of mind to a client who is concerned that their final thoughts will not be heard and want to offer guidance on how to move through the world.
See Steven Abernathy and Brian Luster, How Do Heirs Inherit Values Along with the Valuables?, Wealth Management, October 27, 2014.
Special thanks to Jim Hillhouse for bringing this article to my attention.
