Spoiler alert… Not a sexy topic! In life, only two things are certain: death and taxes. While many families treat death as taboo, being prepared for its inevitable occurrence is important. 

It is truly a sensible topic but as David Edey said; “It's not about what you leave them, it's how you leave them.”

In this week’s episode, we have David Edey, author of the book, Executor Help, talk to us all things about Estate Planning — advice, tips, and many real-life examples demonstrating what can go wrong (and what can go right), depending on whether or not families plan accordingly in advance, communicate clearly with one another, and are willing to put petty and selfish differences aside. 

Enjoy listening! 

What we learned from David Edey in this episode:

- Reality bites: The negative implications of not having a will.

- Why should you have a will? (... a look at how things will happen when everything is organized.)

- The book by “Executor Help” — how a difficult yet important topic explained in a clear, practical, and human way. 

- Why should you have a will for your online accounts too?

- Estate Planning — what should you prepare and consider when making a will?  

Success Quotes:

"The biggest gift of love that you could leave to your family is to have an organized estate. You want to leave a legacy, not a legacy and a mess.” -David Edey

“It's not about what you leave them, it's how you leave them.” -David Edey

Timestamp:

00:00 - Intro

00:39 - David describes what a Certified Executor Advisor does and how he came into this profession. 

04:18 - What small steps can people take today to remedy the situation they're in of not having a will?

08:13 - What actually happens if you don't have a will and you have not named an executor?

10:39 - When you have a will in place, how smooth sailing is it?

17:01 - From a legal point of view, what happens to your portfolio when you're no longer there?

19:59 - David talks about the things that you should prepare and consider when making a will.  

21:42 - How some families break because of having no will. 

24:47 - David shares his final piece of advice. 

26:17 - Ways to connect with David Edey.

27:12 - Outro 

About the Guest:

David Edey is the author of the book, Executor Help, a Certified Executor Advisor (CEA) who has worked in the financial planning industry in Montreal for more than 35 years.

Connect with David Edey here: 

Website: https://www.davidedey.com/  

Connect with Us:

Facebook Page: https://www.facebook.com/restateinvestorsclub/ 

Email: [email protected] 

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