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
Mile High FI Podcast · Doug Cunnington & Carl Jensen
Audio is streamed directly from the publisher (episodes.castos.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
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