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: doug@milehighfi.com or carl@milehighfi.com

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