Kiplinger

Pass Along Life Lessons With an Ethical Will

Rebecca Schreiber, a Manhattan real estate agent, was getting her papers in order after a divorce and decided that, along with redoing her legal will, she would also write up an ethical will for her two young children. "It was a way to convey my wishes and hopes to my children," says Schreiber, 42.

Ethical wills or legacy letters, as they are also called, are documents to "communicate values, experiences and life lessons to, which helps people plan and store important documents in one place online.

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