An ethical will is a non-binding document created to pass on wisdom, values, and life lessons from an individual to their loved ones. It can take various forms like letters, audio or video recordings. The document discusses the origins of ethical wills in Jewish traditions and provides examples of ethical wills from different time periods and cultures. A five-step process is outlined for creating an ethical will, including identifying the audience, reflecting on intentions and values, taking notes, outlining topics, and composing the document.