Particularly now as we are challenged as a nation, the centenarians among us have so much to teach, so much great wisdom to pass on as a legacy either with formal planning or just taking the time to talk before they pass on. I had a great time yesterday meeting with a woman born in LA 100 years ago. She was sharp for her age, and related stories of growing up, her memory still vivid. She spoke of seeing Col. Patton in a parade at war's end. A family member interjected, "You mean General." She chuckled and corrected him, "No, he was a Colonel then." (FIRST World War!)
Your family can benefit from their wisdom and experience by getting their desired "ethical legacy" for transmitting important values set down in an ethical will. You don't really need a lawyer to draft such a document, but a professional can help with any further incentive planning they may wish to undertake.