• Why You Need a Will

  • Mar 30 2025
  • Duración: 25 m
  • Podcast

Why You Need a Will

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  • Resumen

  • 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.
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