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Why You Need A Will | MHFI 160
Doug and Carl talk to Longmont friend Amy about the death of her husband Phil and the aftermath of dying without a will.
- Phil’s death
- How Colorado treats your estate without a will (intestate succession)
- Specify your beneficiaries. Now!
- Wait, who gets Phil’s money?
- Family fallout
- Actions you need to take
--
Join the Mile High FI Club – It’s our email list!
**Disclaimer: The podcast is for informational purposes. Maybe entertainment but we won't even make such a claim. You shouldn't take the info as financial, legal, or tax advice. We aren't certified financial planners or advisors. We're not qualified for much. So get advice from professionals.**
Brought To You By:
The Doug Show, aka Affiliate Marketing & Side Hustles
1500 Days, Carl's Blog about Early Retirement
Email us here: [email protected] or [email protected]
0:00 Intro
2:30 Amy's husband's death
10:15 Not having a will in Colorado
16:29 Are parents entitled to the money of a deceased spouse?
25:55 Laws
27:12 Doug's thoughts
27:58 A spouse is our primary person
29:00 Amy's legal process
32:05 Feelings of betrayal
36:11 How to avoid situations like this
38:44 Setting up a trust
41:07 Doug's will
42:00 Why a trust is better than a will
45:15 Losing relationships along the way
49:40 Amy's socials
52:20 Soundcheck
View all episodes
By Doug Cunnington & Carl Jensen
4.3
190190 ratings
Doug and Carl talk to Longmont friend Amy about the death of her husband Phil and the aftermath of dying without a will.
- Phil’s death
- How Colorado treats your estate without a will (intestate succession)
- Specify your beneficiaries. Now!
- Wait, who gets Phil’s money?
- Family fallout
- Actions you need to take
--
Join the Mile High FI Club – It’s our email list!
**Disclaimer: The podcast is for informational purposes. Maybe entertainment but we won't even make such a claim. You shouldn't take the info as financial, legal, or tax advice. We aren't certified financial planners or advisors. We're not qualified for much. So get advice from professionals.**
Brought To You By:
The Doug Show, aka Affiliate Marketing & Side Hustles
1500 Days, Carl's Blog about Early Retirement
Email us here: [email protected] or [email protected]
0:00 Intro
2:30 Amy's husband's death
10:15 Not having a will in Colorado
16:29 Are parents entitled to the money of a deceased spouse?
25:55 Laws
27:12 Doug's thoughts
27:58 A spouse is our primary person
29:00 Amy's legal process
32:05 Feelings of betrayal
36:11 How to avoid situations like this
38:44 Setting up a trust
41:07 Doug's will
42:00 Why a trust is better than a will
45:15 Losing relationships along the way
49:40 Amy's socials
52:20 Soundcheck
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