The Martin Lewis Podcast
Free Wills and a Brown Trouser phone in…
Oct 4, 2023
Learn how to get a free solicitor-drafted will and the importance of having power of attorney. Also, find out where to find cheap toys and makeup. Hear memorable stories of holding large amounts of cash and valuable items. Discover the benefits of having a will and a 'pariviturni' and learn about boosting state pension and refunding energy credit. Get advice on starting a pension late and finding the best rates for private pensions and annuities.
42:26
AI Summary
Highlights
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Having a will is crucial to determine the distribution of assets after death, and free solicitor-drafted wills are available in October for individuals aged 55 or over.
- Annuity rates have increased due to rising interest rates, and it is important to compare options to get the best income for life, especially for those with health issues or who are smokers.
Deep dives
Importance of Having a Will and Power of Attorney
Having a will is crucial for anyone with assets who wants to decide where they go after their death. Not having a will means that the intestate laws will determine the distribution of assets. Additionally, power of attorney is vital for making decisions and managing finances in case of incapacity. It is particularly important for cohabiting couples who are not married, as they may not have legal entitlement to each other's assets. October is Free Wills Month, offering free solicitor-drafted wills for individuals aged 55 or over. Will Aid, a bigger scheme, is available in November for those aged 18 and older.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
