Notes

The Creation Of An Ethical Will
Ethical wills are among our most effective tools for passing onto family members and generations ahead our wishes, memories, traditions and values. Many affluent families have become increasingly familiar with the concept of passing on the hopes and instructions to family members by means of a written document or a video recording as ethical wills.

A few years ago, a movie titled "The Ultimate Gift" was predicated on this concept, where James Garner was the type who had passed on, communicated his instructions and requirements on a video tape to the youngest family heir. It was a very effective tool in the movie and helped lead to an extremely moving story.

In life, we experience many of our joys and cherishes in your memories. Those memories are stored in us so when we pass on, so do our memories to share with our loved ones. The memories, great experiences and lessons of our past, the items and people we are so fond of and, within us, carry deep meaning and relevance.

Many times, it could be to our wishes that we shared these things with our family members well into future generations. The beautiful times we shared with us members and our friends, the lessons we learned and the items and values that we so dearly hold, we wish to pass onto future generations.

An ethical will is an extremely useful tool to accomplish this objective. Ethical wills are not new. They existed even back during the Old Testament biblical times to which it was a tradition to put together loved ones around the bed of a dying relative. However, during this early period, the ethical will was an oral tradition w here in fact the dying family member would tell the family members important lessons of life and family stories to transport on in the tradition of their family and future generations.

Nowadays, we utilize ethical wills to spread these things in a form of a cherished gift to our loved ones. This is a gift in writing that shares great memories, important lessons, values of the family, wishes to be completed, and proud traditions to be passed onto the next generation.

Often times, members of families not only have wonderful memories and lessons to pass onto loved ones and future generations, but think it is to be it too late to take action because our lives attended to pass or our health and wellness has failed and we have been no longer in a position to take the time to record these lessons and memories.

Writing an ethical will is definitely an emotional challenge because it acknowledges one's mortality and one's past. But an ethical will is really a document that consists of heart felt words and involves passing on a lot more than material things and money.

Writing an ethical will isn't a legal exercise, rather, this is a letter written from the center sharing your most valued lessons and cherished thoughts. It is a great opportunity to secure the meaningful reminiscence of days gone by specific to a specific family member or to all of the children.

It should be carefully crafted but it doesn't have any specific formula to stick to. Furthermore, it is recommended that you write one on a designed and protected document to secure the writings, ensure it is more meaningful, and storable for most generations.

Formulating Your Ethical Will

Although there aren't any specific topics to include in an ethical will, listed below are several recommended steps in addition to some suggestions about topics to consider writing about within your document.

Suggested Steps:

The actual writing of the ethical will is an emotional deep thinking process. There is no need to complete it in a single sitting. In fact, it is sometimes recommend that this is a thing that you revisit during the period of several days. Take time to write it. This can be a very meaningful and intimate document which will last for many generations.

First suggestion: Pick a quite and private place to commit you to ultimately for an hour or even more to begin with your writing journey. A location that is without interruptions, relatively speaking and a location to where you can sustain inner peace and relaxation. It may sound hokey, but it is important to take action for yourself.

Second suggestion: Don't try to rush it. If you want to put it down after a few years, that's fine. Give on your own time, and additional more, begin with a rough draft.

Third suggestion: Cover several areas to record your writings from. Here are a few general areas and topics that you might want to consider:

Important Family Members in Your Life and What You Remember About Them

* What are the important things you learned from your own grandparents?

* The great reasons for having your parents and the important lesson

* Lessons from your own spouse, children and others

Important People Beyond Your Family

* The two or three most influential people during your childhood and how were they influential in impacting the person you are and your values?

* What are the most important relationships that you experienced and why?

Important Lessons and Experiences that you experienced that you would like Them to Know

* What are you grateful for?

* The holiday season you cherish probably the most and why?

* The important values that were passed onto you by your grand parents and/or parents?

* What are a few of the reasons for having your heritage that define who you are?

* How much of a role does your heritage play that you experienced now?

* Stories and experiences about your home town, and how achieved it mold the kind of person which you have become?

* What is an important lesson you learned in your early life and so how exactly does it continue steadily to influence your beliefs and values? Who or what taught you these lessons?

* Did you have an experience growing up that has been life changing? If that's the case, describe it and explain why it was significant to you.

* What are your deepest feelings you might have for them and or the family and why?

Important Accomplishments, Ideas, Values, etc.

* Do you know the things missing in your life?

* What are the most significant decisions you earn in your life and just why?

* Do you know the best decisions you earn in your life and why?

* What are the worst decisions you earn in your life and why?

* Define your definition of success?

* In looking to the near future, name something you want to accomplish or happen during the rest you will ever have.

* What do you feel are a few of the main qualities a person must live a rewarding life?

* What do you feel is a real way of measuring success?

* What was your greatest challenge during your life and what did this experience teach you?

* What are the universal principles that hold your loved ones together?

* Describe your proudest moment and how it has affected your life and values.

* What are a few of the most important ideas or lessons you want to pass onto your children, grandchildren or other family members.

* What was the single most important experience of your daily life and just why was it so important to you?

* In the event that you could pick three things that your loved ones should remember about you what should those ideas be and why?

Philosophy on Money and Wealth

* What do you appreciate most about money and why?

* What do you fear most about money and why?

* What would you like material gifts to be passed to your heirs to accomplish for them and just why?

* What concerns do you have about the distribution of your material wealth in your legacy and why?

* What are the items that concern you probably the most with transferring your wealth?

* What do you need to achieve before you leave this life?

* What you don't cherish and love about your life?

The start of the will should address who you're writing it to and just why you are writing it to them. An extremely compelling approach is to express your hopes and desires/wishes for future years.

What's your vision for your family down the road? How can you want them to remember along the way within their lives, things to watch out for, mistakes to avoid, how would you like to see them view and approach life.

A good idea is to cover your notion of what are the important values that you think will help them become and continue being exceptional human beings. Maybe include specific family events or memories. Include thoughts and words that have defined your own life.

Steve Zeller and Trevor Kern, Advisory Services provided by Zeller Kern Wealth Management one of the leading Sacramento Financial Advisor firms and a Registered Investment Adviser. Please visit http://www.zellerkern.com or call 916-436-8270 for more tips on preserving family wealth.
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