Normally when the concept of a will comes to mind, we may immediately think of whatever material possessions are left behind for loved ones after someone has passed away. But an interesting idea to think of is not what material things or properties you leave behind for your kids, but what principles, morals, and values you leave them with. The idea of an ethical will may interest a lot of parents because of its concept of passing down the ‘personal wealth’ one has to offer to his/her children.

Now, how can you start off with your own ethical will for your teenager/s? The following questions and sample answers are good examples of ideas that an ‘ethical’ will might include. You need not to use the same questions with your own kids, but read through them and hopefully gain inspiration for your own questions.

A: Our family history is about the legacy of my parents--your grandparents—in instilling the value of good education, the value of honesty as well as integrity, and the importance of unity and understanding within the family. My ethical will should include a family tree that traces the family “story”: names of family members, educational and professional backgrounds, and highlights or events demonstrating integrity and the closeness and unity of the family.

A: I would like to see my heirs making smart use of their inheritance, respecting the care, love, and sacrifice that their parents put into it. I envision the inheritance to help improve if not enhance the lives of our children. It can come handy in case of a need in the future. 

A: I will ask forgiveness for any omissions on my part in fully expressing my love for my family especially my children.

A: The decision to donate a portion to charity is founded on the spirit of giving and sharing our blessings with the less fortunate ones.

A: Money being a scarce resource, my guiding principle would be to use money wisely and honestly. Money wisely spent in education is a good investment in one’s future. I would also think of setting aside some money for the rainy days.

A: I will pass on what I have learned from my parents such as the ff:

1. Clean and honest living, whatever stage of life you are in—as a student, as a worker or entrepreneur, as a spouse, homemaker, and as a parent.

My parents best exemplified the value of character and integrity in the way they live. They worked hard and honestly to be able to provide the family’s needs, living within their means, and never engaging in vices like gambling, etc.
    
2. Lead by example. A good leader is a good follower. You cannot preach what you do not practice.

3. Love and respect one another.  

A: True friendship is more important than material possessions. True friends cannot be bought. They stand by you through thick or thin. True friends are always there to help especially in times of crisis. They make life worth living. Life is lonely and meaningless without friends. The family who values friendship becomes a more solid family.