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AKA Heritage or Legacy Wills [An Ash Wednesday Tribute]
By Dr. David Edward Marcinko MBA CMP™
www.CertifiedMedicalPlanner.org
An ethical will is a document designed to pass ethical values from one generation to the next.
It was first postulated in 1998 by Barry K. Baines MD in his Ethical Will Resource Kit.
He then founded the www.EthicalWill.com website, now known as www.CelebrationsofLife.net His hospice care experience provided the impetus for developing resources to help people write and preserve their legacy of values at any stage of life [personal communication].
By 2005, Andrew Weil MD promoted ethic wills as a “‘gift of spiritual health”’ to leave family members. The goal is to link a person to both their family and cultural history, clarify ethical and spiritual values, and communicate a legacy to future generations.
Today, ethical wills are written by both men and women of every age, ethnicity, faith tradition, economic circumstance, and educational level. For FAs, an ethical will can open the door to start a bigger conversation about estate planning. Susan Turnbull, a principal with Personal Legacy Advisors in New Hampshire is author of The Wealth of Your Life: A Step By Step Guide for Creating Your Ethical Will, a document that some financial advisors offer their clients as a template for creating them.
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Assessment
In recent years, the practice has been increasingly used by the general lay public and medical professionals. In fact, the American Bar Association [ABA] described it as an aid to estate planning in health care and hospice and as a spiritual healing tool.
More:
- About EngagewithGrace.org
- http://www.scu.edu/ethics/publications/iie/v7n3/testament.html
- The Rep’s Guide to Ethical Wills
Conclusion
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Filed under: Estate Planning | Tagged: Andrew Weil MD, Barry K. Baines MD, Estate Planning, Ethical Wills, hetitage will, legacy will, Susan Turnbull, wills |
The Leading Business Education Network for Doctors, Financial Advisors and Health Industry Consultants 
On Lent,
Lent (Latin: Quadragesima – English: Fortieth) is a solemn religious observance in the liturgical calendar of many Christian denominations that begins on Ash Wednesday and covers a period of approximately six weeks before Easter Day.
The traditional purpose of Lent is the preparation of the believer through prayer, penance, repentance of sins, almsgiving, atonement and self-denial. Its institutional purpose is heightened in the annual commemoration of Holy Week, marking the death, burial and resurrection of Jesus, which recalls the tradition and events of the New Testament beginning on Friday of Sorrows, further climaxing on Jesus’ crucifixion on Good Friday, which ultimately culminates in the joyful celebration on Easter Sunday of the Resurrection of Jesus Christ.
Sister Mary Clare
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Advanced directives start coming to EHRs
UMass Memorial Health Care is partnering with Minneapolis-based Luminat, which develops care planning tools, to create a platform that will integrate patients’ end-of-life directives into their electronic health records.
http://www.hiewatch.com/news/advanced-directives-start-coming-ehrs
Sister Mary Clare
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Medicare could pay for end-of-life discussions
Sister MC – Five years after it exploded into a political conflagration over “death panels,” the issue of paying doctors to talk to patients about end-of-life care is making a comeback, and such sessions may be covered for the 50 million Americans on Medicare as early as next year.
http://www.urban.org/publications/1000442.html
Janet
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