Conversations That Matter: Educating Clients about Non-Binding Letters of Wishes-Conversations That Matter: Educating Clients about Non-Binding Letters of Wishes

Conversations That Matter: Educating Clients about Non-Binding Letters of Wishes

Video Transcription

Video Summary

In this video, Marie Swift hosts a webinar on the value of educating clients about non-binding letters of wishes and ethical wills. She introduces the concept of an ethical will, which is a personal letter written with the intention of living beyond the author and becoming part of their legacy. These letters are intended to pass on values, wisdom, stories, and intentions to loved ones and can be written for various audiences, including heirs, family members, extended family, friends, or even philanthropic beneficiaries. Marie provides examples of different ethical wills, ranging from long-form letters to shorter lists, and emphasizes that these letters should be personal and intentional, reflecting the author's own voice and values. She encourages financial advisors to introduce the concept of ethical wills to their clients, using tools such as guidebooks and conversation cards to facilitate the conversation. Marie highlights the importance of clarity, gratitude, wisdom, and blessings in these letters and encourages clients to start with something short and simple, but still meaningful. She suggests that advisors become a part of the process by offering their support and creating opportunities for clients to share their stories and beliefs. Marie concludes by reminding advisors that their role in helping clients create a legacy is also part of their own legacy.

Keywords

Marie Swift

webinar

educating clients

non-binding letters of wishes

ethical wills

legacy

values

wisdom

intentions