Creating an Ethical Will You may or may not have heard the term
"ethical will". But, for those who care about making their
values and ethics part of their legacy, it is a tool to consider
when planning your estate. Unlike a “last will and testament”,
which provides for the distribution of a person’s material
assets, or a “living will”, which contains instructions for how
you want to be treated medically at the end of your days, an
“ethical will” is designed to let someone preserve and share
their values, principles and beliefs for heirs and future
generations, though it’s not legally binding. According to
Personal Legacy Advisors’ Web site, an ethical will is a letter
that transmits the non-material assets that are also of great
importance: your values, your story, the lessons life has taught
you and the other information that is too valuable to risk being
lost. Your ethical will is the tool that enables you to address
the question, “What do I want my loved ones to know?” As a
concept, ethical wills are not n