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Money Rehab with Nicole Lapin

What Happens If You, Or Your Parents, Don't Have a Will?

Money Rehab with Nicole Lapin

Money News Network

Education, Self-improvement, Business

4.61.7K Ratings

🗓️ 22 September 2023

⏱️ 32 minutes

🧾️ Download transcript

Summary

Today, Nicole breaks down how you can set up your will successfully… and the mess you could land in if you don’t. To follow this money trail, she's joined by Erik Huberman, Founder and CEO of Hawke Media, and Cody Barbo, Founder and CEO of Trust & Will.

Transcript

Click on a timestamp to play from that location

0:00.0

So I hate to be that person that always talks about how busy I am, but I'm gonna be that person

0:04.6

for a second because I am really busy. And that's why I use HelloFresh. They're quick and easy

0:09.1

recipes, 15 minute meals, get me a tasty nutritious dinner on the table. In less time than it takes

0:14.6

to get, take out or delivery, and trust me, I have typed it. When I got my most recent vegetarian

0:19.7

box, there was a recipe for a delicious bowl in there that was too good to keep to myself,

0:24.8

so it inspired me to call a girlfriend, invite her over for dinner so we could share it together.

0:29.3

I probably would have otherwise just ordered something greasy or microwaved something quick

0:34.4

and scarfed it down in front of the TV or scrolling on my phone. But having that nutritious,

0:39.6

beautiful HelloFresh recipe there inspired me to not only feed my body, but feed my soul by

0:47.2

catching up with my friend. Go to HelloFresh.com slash 50MoneyRehab and use the code 50MoneyRehab

0:54.0

for 50% off plus 15% off the next two months. That's HelloFresh.com slash 50MoneyRehab,

1:01.1

that's the numbers, 50MoneyRehab for 50% off plus 15% off your next two months. HelloFresh,

1:07.7

America's number one meal kit.

1:13.7

I'm Nicole Lapin, the only financial expert you don't need a dictionary to understand.

1:18.9

It's time for some money rehab.

1:27.1

Yesterday's episode was all about how the Rockefeller's built wealth. I broke it down into three

1:31.6

critical steps. Set up an irrevocable trust, take out a life insurance policy within the trust,

1:37.1

and set the trust as the beneficiary. Today, you're going to hear how you can do this

1:42.0

successfully and what happens if you don't. First, you'll hear from my friend Eric

1:46.5

Uberman, who is a very successful entrepreneur and marketer. In the aftermath of losing his father,

1:51.8

piecing together, the financial puzzle was not easy for Eric and his siblings. And here's

1:56.3

the craziest part. His dad did a lot of things right. In fact, you'll recognize that he did take a

...

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