Wills & Estate Planning: how things can go wrong

On this episode, Ben and Heather discuss Wills and estate planning, bringing our attention to the many things that can go wrong if you fail to keep your Will and estate plan up to date with your life circumstances, particularly following a family breakdown. They discuss the following questions and scenarios:

1/ What happens if you die without a Will?

2/ What happens if you have children from your first marriage, remarry and don't change your Will?

3/ What happens if you separate from your partner, but don't change your Will?

4/ What happens if you divorce your partner, but don't change your Will?

5/ What if you have children, but don't change your Will to include them as beneficiaries?

6/ What if you have children and don't specify guardianship?

7/ When you change your Will can you add notes to an existing Will or do you need to start again?

8/ What assets should (and should not) be included in your Will?

9/ What happens if the estate has debts?

10/ What are the responsibilities of an executor and what should you look for when choosing your executor?

11/ What happens if you have a serious accident or illness that leaves you unable to manage your affairs?

12/ Do you need a lawyer for estate planning or can you DIY?