Podcast: The real reason you need a will

Posted: 20 May 2020 9:30 am
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No money, no assets, no will? Find out why you still need a will and how to make one.

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In normal times we suspect most of us would prefer to put off thinking about what happens to our money after we die. But these are not normal times. In fact, it turns out in between our searches for toilet paper and hand sanitiser, "how to create a will" has been high on our Google search list in our new lockdown life. In fact, traffic to Finder's guide to estate planning has increased by more than 170% since social distancing restrictions were put in place.

It may seem like a grim topic, but it's an important one and something that we should tick off our to-do lists as early as possible. The effort you put into your will can help you get a sense of relief whether you're worried about who your belongings will go to, who will take care of your family or how your funeral will go down.

Even if you're thinking "hey I don't have any major assets or kids why would I need a will?" you will be suprised to her why it's critical that you do. (Spoiler alert - you may be worth more than you would think.)

To help shed some light on how to write a will we spoke to National Manager, Estate Planning, Australian Unity Trustees Legal Services Anna Hacker for this episode of Pocket Money. Anna explainswhy so many Australians are interested in estate planning right now, why wills aren't just for people with families and large assets and what actually happens if you die and you don't have one.

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Read the transcript of this episode

The Finder Pocket Money podcast is intended to provide you with tips, tools, and strategies that will help you make better decisions. Although we're licensed and authorised, we (and our guests) aren't providing any form of financial or legal advice. So please consider your own situation and get proper advice about your individual circumstances before making any decisions based on anything on our show. Thanks for listening.

Have questions for the Pocket Money crew? Want to suggest a future episode idea? Hoping to speak with other curious young adults sorting through their lives and their money?

Pocket Money is hosted by Sally McMullen and Kate Browne, produced and directed by Ankita Shetty, with editing by Josh Litherland.

finder.com.au (ACL 385509. CAR 432664) is Australia's most popular comparison site. We like to help, and while we understand that our podcast provides information, insight and entertainment, it's not personal advice. Consider your own circumstances and get advice before you make any decision based on our general comments and commentary.

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