Fintech Impact Epilogue Wills with Arin Klug | E167
In this 167th episode of Fintech Impact, Jason Pereira, award-winning financial planner, university lecturer, writer, and host interviews Arin Klug, Cofounder of Epilogue, an online will kit that helps people leave behind a legacy that does not bring their loved ones massive pain by enabling them to take control of their will!
Episode Highlights:
0:32 – Arin Klug introduces Epilogue and how it helps people.
1:06 – How did Epilogue come to fruition and what motivated its creation?
3:38 – What is the average situation that Epilogue applies to?
5:10 – Where is the line drawn for Epilogue when it comes to whose will it can help create?
10:23 – Jason and Arin discuss the value of lawyers in the will process.
11:50 – What does the Epilogue client experience look like?
14:26 – Arin explains what happens when there are changes in estate law.
16:50 – Jason and Arin discuss how the costs of lawyers interrupt changes to the will.
20:17 – Does everyone really need to pay for the premium financial planning services?
21:23 – Arin breaks down the four documents that are included in Epilogue’s process.
24:27 – Where does Arin see Epilogue going from here?
27:51 – If Arin could change one thing in his industry, what would it be?
28:15 – What has been the biggest challenge of getting Epilogue to where it is today?
29:53 – Arin explains what excites him the most about his work.
3 Key Points
- Epilogue helps people create a legally binding will in as little as twenty minutes online, a far cry from the months–long process for a typical will.
- Arin and his business partner started Epilogue with the thought of how many people they could disqualify from the process because they know that no system is right for everyone.
- Funeral instructions included in the will are not legally binding, so Arin advises his clients to put those in a separate document and share those with family members to make sure that they are carried out.
Tweetable Quotes:
- “If you want your family to hate you after you’re gone, go ahead and die without a will.” – Jason Pereira
- “You can’t write a will that’s against public policy and public policy is always changing.” – Arin Klug
- “The perception of cost often leads to conversations not even happening in the first place.” – Jason Pereira
- “Death hurts the living as much as it hurts the dead.” – Jason Pereira
Resources Mentioned:
- Facebook – Jason Pereira’s Facebook
- LinkedIn – Jason Pereira’s LinkedIn
- FintechImpact.co – Website for Fintech Impact
- JasonPereira.ca – Sign up for Jason Pereira’s newsletter
- Woodgate.com – Website for Woodgate Financial
- Epiloguewills.com – Website for Epilogue
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