November 4, 2016 Posted In Estate Planning
As opposed to a traditional will that bequeaths assets to loved ones, an ethical will is a personal statement not a legal document that sets forth values or shares stories and experiences. Also commonly referred to as legacy letters, ethical wills can be invaluable for surviving loved ones following death because these documents can:
Like wills (and other estate planning devices), an ethical will can cover a number of different topics, and it can be tailored to serve your needs, wishes and goals. Some of the specifics that can (but do not necessarily have to be) covered in an ethical will include:
Essentially, ethical wills can share deeper insights about you, your choices, your beliefs, and your legacy.
The personal nature of ethical wills means that there is no cookie-cutter method of devising these documents. This can open up the possibility of developing ethical wills in various ways and in various formats. Some ideas for getting this process started include:
For experienced help developing, revising or administering an estate plan, contact a trusted Denver estate planning attorney at Phillips & Blow, PC. Our skilled Denver estate planning lawyers provide a thoughtful, comprehensive approach to our clients’ estate planning needs, and they are proud to help each of our clients and their families find the best solutions for them (based on their circumstances, needs and goals).
We can discuss your estate planning needs and different options during our consultation. To schedule this meeting, call us at (303) 713-9147 or email us using the contact form at the top of this page.
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