Why You Need a Will
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Why You Need a Will
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About this listen
What happens if you die without a will? We get into the real-life consequences of not having your estate plan sorted -family fallouts, lost inheritances, and fortunes in limbo. We go through what makes a valid will, how to get one done properly, and why putting one in place now could save your loved ones years of pain later.
On this episode, we discuss:
(00:00) Intro
(00:48) Why Most People Put Off Making a Will
(02:57) A Real-Life Family Fallout Over a Will Change
(06:38) $3M Estate Dwindled Down By Legal Fees
(08:20) What Actually Goes Into a Will?
(10:58) Capital Gains Tax & Inheritance, What Happens with Shares, Property, and Tax When Someone Dies
(13:45) Why a DIY Will Could Cost You Everything
(15:23) Dealing with State Trustees
(17:32) When No Will Could Mean the Wrong Person Gets the Money
(19:05) Life Insurance vs. Will
(21:52) Inheriting Property with a Mortgage: What Happens Next?
Check out the free resources from Inovayt here.
Send us an email: hello@thenumbersgamepodcast.com.au
The Numbers Game is brought to you by Future Advisory & Inovayt.
Hosts:
Nick Reilly
Jason Robinson
Martin Vidakovic
This podcast is produced by VIDPOD.