Wills & Estates: Your crash course guide from Nest Legal
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What happens if you die without a will?
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Marlee, thank you so much for joining me on the Australian Finance Podcast today. Thank you for having me, Kate. It's awesome to be here. Yeah, so we're talking about a pretty, well, interesting for me. I'm not sure if interesting for everybody else, but we're talking about wills and estates today, which we've actually had quite a few listener requests for. And I have a real live lawyer on the episode today to give you the lowdown on all of it. Yes.
Yes. It's awesome. Very good. Wills and Estates. It's interesting to me at least.
Yeah. And you've been working in this area for quite a while now, haven't you?
About five years. Yeah.
Yeah. Wonderful. And we'll have a call to action at the end so everyone can find out about Marley and Nest Legal if they want to learn more. But why don't we just dive in? So Marley, why do you think that it's so important to talk about wills and all of that stuff that we don't really like to talk about?
Yeah, it can be a little bit uncomfortable to talk about, but it is super important. Basically, if you're an adult and you have any assets or children, including things like super or life insurance, you should have an estate plan in place. So that includes your will and other documents like powers of attorney and everything like that. So Most people, I guess, kick it into gear when they've got children or they've just purchased their first home. But really, we see it as the kindest thing you could do for the people that you leave behind. And if you're earning an income, you should probably have a will.
I can imagine that most people have some sort of assets, whether it's their super when they pass away and just leaving it without a will must get pretty messy. Yeah.
Absolutely. It can definitely make things messy. It can make things expensive and time consuming for your family and your loved ones. So yeah, it's definitely important to have it in place.
Yeah. So is there an age where you would suggest listeners start thinking about getting a will or is it just as soon as you turn 18 or what's the story there?
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Chapters
5 chapters
1
What happens if you die without a will?
0:00–13:52
2
Why is it important to have an estate plan in place?
13:52–18:41
3
At what age should you start thinking about getting a will?
18:41–27:07
4
What should you consider when appointing an executor?
27:07–35:05
5
What are the key elements to include in a will?
35:05–40:03
Speakers
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