Have you prepared a will?

The question, “Do you have a will?” is tossed around from time to time. For slightly more than half of Americans, the answer is, no. According to a 2021 Gallup poll, about 46% of Americans have a will with the percentage increasing as age increases.

When most people think of a will, the first thing that comes to mind is a legal document regarding assets, child custody, etc. It is best to consult a lawyer for this type of will. In addition to this very important legal will, many people today are choosing to prepare an ethical will as well.

An ethical will is not a legal document and can be prepared and shared in whatever way you personally choose. It’s an opportunity for you to share life lessons and values you find important or the reasoning behind the decisions in your legal will. It's also a vessel to speak to your loved ones on a more personal level.

Take your time and reflect during this process. Make notes about important points you want to include, and people you want to mention. Use this opportunity to include some personal touches that your loved ones will enjoy.

Your ethical will is something you will want to return to every few years to edit and consider. Life is unpredictable and end of life planning can be daunting, but much like pre-planning your arrangements, taking the time to prepare and maintain legal and ethical wills can be invaluable to your family.