Why You Need A Will | MHFI 160

May 09, 2023 00:57:42
Why You Need A Will | MHFI 160
Mile High FI Podcast
Why You Need A Will | MHFI 160

May 09 2023 | 00:57:42

/

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

Other Episodes

Episode 0

December 21, 2021 01:16:13
Episode Cover

Year End Review | MHFi 036

Doug and Carl talk about how 2021 went and their goals for 2022. They also talk about asparagus. Opening Carl comments on Doug’s new...

Listen

Episode 0

October 07, 2022 00:30:26
Episode Cover

Golden Handcuffs | MHFI 117

Guest host Jake Simon stopped by to talk about the golden handcuffs. We discussed the different types of golden handcuffs (like stock options that...

Listen

Episode

February 11, 2025 01:01:27
Episode Cover

Flying & Travel Tips for 2025 - Lyn Mettler | MHFI 254

Doug chats with Lyn Mettler, travel rewards expert and founder of Families Fly Free/Families Travel Free.  Lyn shares insights on how to maximize travel...

Listen