Ethical Wills Share Final Thoughts with Heirs

“Individuals usually provide for their heirs through the use of various types of trusts, life insurance, wills, designation of beneficiary forms and other legal documents. But while a traditional estate plan can accomplish the bequest of virtually any tangible possession, it usually does not address such ethereal properties as ideas, philosophies, or other treasures of knowledge or wisdom that the testator (or, the person making the will) may wish to pass on to heirs. As a result, an increasing number of testators are making provisions to pass on some of the wealth of wisdom that they have accumulated throughout their lives with ethical wills. Read on as we cover this unique estate planning tool.”

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