Aequus Stories: Ethical Wills

    For years, Aequus has encouraged clients to consider creating an ethical will so their feelings, values, and lessons can live on. An ethical will, generally speaking, is a letter that is intended to share important lessons, advice, and blessings with loved ones. It can be written to family members, friends, and even organizations.
    When a loved one passes away, the most precious thing they leave behind is not their property. It is the legacy of their values and beliefs. A life is, after all, much more than the financial assets that have been accumulated.
    Aequus has witnessed first-hand the conflicts that can occur within families when parents do not make their wishes known. One of Aequus’ clients, Warren, left his three children all of his real estate holdings, but neglected to detail how those holdings were to be controlled by or allocated between his heirs. The result was complete discord among the siblings, as Warren’s intentions for his estate were thought to be ambiguous, and, therefore, unfair.
    One of the benefits of an ethical will is that it makes certain that your intentions are clearly understood. However, bear in mind ethical wills are non-binding. They are not considered legal documents, as compared to a living will and last will and testament. Nonetheless, an ethical will can be a great compliment to your estate planning process.

Writing an ethical will enables you to:
* Pass on lessons you have learned;
* Make sure your intentions are clearly understood;
* Compose a personal message to each of your loved ones;
* Express love, gratitude, appreciation, and forgiveness.

    Preserve the legacy of your values with an ethical will. Aequus can work with you and your attorney to prepare an ethical will covering the topic(s) of your choosing. It’s one of the most meaningful gifts you can leave to your family, friends, and/or community.