“Everyone can make an Ethical Will”
By
Gerry Niskern
I wrote about Ethical Wills once before, years ago. I believe the idea bears repeating for new generations of readers in this New Year. An Ethical Will is an opportunity for you to communicate your hopes and dreams for the future generations of your family. Your morals, regrets and yes, your opinions are all included. They are usually written by people at a turning point in their lives.
An Ethical will is not a legal document; rather it is a record of your nonrepresentational wealth. Although parents would like to see their children financially secure, they would also like to leave some philosophical provisions as well.
Think of the many phrases stated by your parents or grandparents that influenced you while growing up. One of my mother’s favorites comes to mind. “Be kind and respectful to the elderly, their life is hard.” When I would argue, “But, Mom, what if they’re crabby with me?” She always replied, “That doesn’t matter. We still respect the old.”
Then there was one of my grandmother’s admonishments, in her broken English. “Don’t go where you no belong.” Her advice still serves a purpose in our family. These examples are not exactly an ethical will, but certainly examples of the making of one.
Writing an Ethical Will does not require enormous education or wisdom. It’s what you have to give of yourself. Every will is as unique as the person writing it, but there are common themes. Personal values are important, as well as “life’s lessons learned.” Families are mentioned often. “Take care of the family. Value the family.” Many give instructions on how to maintain the strength of the family.
If you need help getting started, start keeping a journal. Over a period of time themes will emerge that you can use in drafting your ethical will.
. Many newlyweds sit down and share their values in ethical wills. It doesn’t matter if you are an engaged couple, brand new parents, divorcing, empty nesters, or end of lifers, there is no time like the present. Not everyone can pass along a financial legacy, but everybody can transmit some of the richness of life. You have lived and learned and have thoughts to pass on. Just be yourself. Open your heart and write the gift that your family will cherish.