Is having a will drawn up just another item on your list of things you’ll get to… at some point? Whilst we all know that we NEED a will, most of us either don’t have one or the one that we do have is seriously outdated.
Part of a new series on managing your money for wealth, today I’m talking about what you need to know about wills – from the purposes of having one, to the consequences of not. I’ll also take you through how your marriage affects your death, as well as the elements of a good will.
One of the most important pieces of paper that you just HAVE to have, a will is a necessity. Get it in place today – especially if you have young children. Protect what you have worked so hard to achieve!
Show Notes
- [01.43] The purpose of a will
- [03.03] Dying without a will
- [05.19] Two particular cases to highlight
- [07.23] How you’re married affects your death
- 1. If you’re married in community of property
- 2. If you’re married out of community of property
- 3. If you’re married with the accrual system
- [11.22] Why a non-earning spouse needs a will
- [12.35] Dying with a will
- Elements of a good will
- [20.34] Storing safely
- [21.40] Final thoughts
Related posts and episodes
- 94% of people will suffer this… here’s how to prevent it
- The challenge of giving your kids the best
- Navigating big transitions such as retirement with Maeve O’Byrne
- How to fast track financial freedom at any age
- Divorce and your money with Mary Waring
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- If you want a paperback copy and you’re in South Africa, visit my site www.LisaLinfield.com
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Quotes
“The purpose of a will is to protect your estate – the money you’ve worked so hard to earn.“ – Lisa Linfield
“One thing I know for sure is that death and money bring out the worst in people.” – Lisa Linfield
“The most important thing every one of us that either has debt, or has assets, can do for the people we love is to have a good will in place.” – Lisa Linfield
“The guiding principals I tell people, is that they need to close their eyes and imagine that they have just died… the will is the document that tells everyone ‘and then what’.” – Lisa Linfield
“If your family can’t find a will, it is deemed that you died without the will. So don’t go through all of the efforts to do this, and then no one knows where it is.” – Lisa Linfield