Many people today have two wills. They have a legal will that describes how they want their assets distributed. They also have another will called an “ethical will” that passes down something much different than assets.
Upon hearing the term “ethical will” your first thought might be that it describes a specific ethical way to draft your legal will. Perhaps it could be a way to divide your property ethically between different people. Perhaps it could refer to giving a certain percentage of your estate to charities or religious institutions.
An ethical will, however, is actually an ancient Jewish tradition. It refers to a separate document that passes on wisdom and life lessons to future generations.
As The New York Timesreports, in an article titled “The Ethical Will, an Ancient Concept, Is Revamped for the Tech Age,” the ancient idea of an ethical will is getting new life.
Increasingly people are using technology to pass wisdom onto future generations. They are creating videos and slideshows, for example.
Ethical wills give the dying an opportunity to teach younger people about what they have learned during their lives. They also give loved ones something that can be cherished for many years.
Not everyone will want to make an ethical will. Those who are interested, however, might want to think about how technology can assist them in the process.
An estate plan does not have to be pile of legal documents. It can also include other things, such as an ethical will.
Reference: The New York Times (October 31, 2014) The Ethical Will, an Ancient Concept, Is Revamped for the Tech Age“
“On the threshold of retirement, we finally decided to quit thinking we could self-prepare the requisite documents. We had previously had only a very simple will. We needed the necessary legal (including updated will) & health care docs but didn’t want to deal with the time & complication of legalese. Cindy made the process relatively painless. She took the time to explain and answer questions without trying to upsell services. We were done in 2 meetings plus the reading of emailed drafts. In addition to preparing the documents, Nelson Eldercare will be there when our adult children need advice on executing the plans we’ve put in place.So glad it’s behind us and would recommend Cindy and her helpful staff.”
Cindy and her company treat their clients like family. Nelson’s offers clear, direct, and honest guidance in planning for your families security and future. No one wants to actively sit down and make these decisions, but Nelson’s makes this process seamless. I was so impressed with their willingness to answer all questions big or small. So glad I made the decision have them help my mom and dad and now me. You can’t go wrong with Nelson’s Elder Care Law.
The very best elder law attorney and staff anyone could ever ask for! I have referred a number of clients to Cindy and she never disappoints. She is kind, caring, and extremely thorough in making sure everything is completed as it should be. I highly recommend Cindy for anyone needing lawyer services; she truly goes above and beyond for every client she helps and has had a huge impact in so many peoples’ lives. Thank you, Cindy and staff, for everything that you do- I’m so glad to know you!
I heard Cindy’s presentation at a Senior Luncheon at my church, and was very impressed. She helped my daughter and me understand many aspects of elder law. Josh has also been very helpful in my planning to enter an independent living situation . I have told many friends about them.
Cindy and the Nelson Elder Care Law team are trustworthy and helpful. They are the experts in elder care law. At Leaf Cremation, we entrust our families to the care of the Nelson team when their services are needed.