S2. E3. Will Power - Why Estate Planning isn't just for the Wealthy - Ad Valorem
2 minutes
Most of us put off thinking about wills and estate planning — but it’s one of the most important financial decisions you’ll ever make.
In this episode, Luke and Sophie are joined by estate planning expert Kevin Barrett to tackle the myths and misconceptions around wills, inheritance, and what really happens if you don’t make a plan. From who inherits your assets to how to protect your business and family, this conversation shines a light on why estate planning isn’t just for the wealthy — it’s for everyone.
💬 What you’ll learn:
- Why having a will matters, no matter your age or income
- What happens when someone dies without a will
- How to protect children, businesses, and personal wishes
- What a good estate plan should include (and when to update it)
3:58 – what happens if you don’t have a will
6:35 – how do you leave money to charities in a will
8:12 – how does a charity know if they’ve been left money
9:44 – what is a letter of wishes
11:08 – what are the challenges of passing without a will
14:20 – how long does it take to obtain probate and execute a will?
16:49 – how can you get best prepared
21:30 – how often should you review your will
22:24 –other legal documents around wills and estate planning
