Ethical Letters: What Is It And Why Its Important

legacy-letter-values-beliefs

With a New Year, we are often more introspective about our life.  This can be a great time to write a "legacy letter,".  This documents, also known as an "ethical will" or "spiritual will," is a way for individuals to communicate their values, beliefs, life lessons, and personal reflections to their loved ones. Unlike a traditional will, which primarily focuses on the distribution of assets and property, a legacy letter is more concerned with passing on intangible aspects of a person's life.

Here are some key features of a legacy letter:

Personal Values and Beliefs: Legacy letters often express the author's core values, ethical principles, and spiritual beliefs. This allows individuals to share the guiding principles that have shaped their lives.

Life Lessons: Authors may use the letter to impart wisdom gained from their life experiences. This can include advice on relationships, work, personal growth, and overcoming challenges.

Expressions of Love and Gratitude: Legacy letters are a way for individuals to express their love and gratitude to family members, friends, and other significant individuals in their lives. It's an opportunity to acknowledge and appreciate the impact others have had on their journey.

Apologies and Forgiveness: Some individuals choose to include apologies for past actions or seek forgiveness for any perceived wrongs. This can be a cathartic and healing process for both the writer and the recipient.

Family History and Anecdotes: Sharing stories about family history, traditions, and memorable anecdotes helps preserve a sense of identity and heritage. It can create a deeper connection between generations.

Hopes for the Future: Legacy letters may also include the author's hopes and aspirations for the future of their family, friends, or the world. This forward-looking perspective adds a sense of continuity and purpose.

We like to suggest letters like this to also be used if you have young children.  You can take time to outline your dreams for your children’s future in a way for your guardians to follow.  Obviously, the goal is to never have these letters be needed, but what a gift if they are.

Legacy letters are not legally binding documents and do not replace a formal will or estate plan. Instead, they serve as a heartfelt and personal way for individuals to communicate their values and share a part of themselves with their loved ones. Writing a legacy letter can be a meaningful and introspective process, providing an opportunity for self-reflection and a lasting gift to those who receive it.

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Navigating the Complexities of Estate Planning in a Blended Family