Lester Lipschutz is quoted in a WIRED Magazine article that discusses the importance of having an ethical will and how to use technology to create one. While financial wills are typically read after death, ethical wills can be shared while you’re still living. The article provides a step-by-step process for how one can get a start on drafting one today.
“It is about imparting a story that you don’t want to be lost. Most people spend a lot of time thinking about how to protect their assets from taxes and divorcing spouses but rarely think about how to protect their family’s values,” Lester stated.
The article also explains how an ethical will is not legally binding and focuses on moral inheritance rather than monetary inheritance.
“It is helpful to add more texture to a financial will, with less about taxes and more about a meaningful moral testament for future generations,” he adds.
To read the full article, click here.