What you need to know about your will

This is Money Podcast

This is Money

Business News, Business, Investing, News

4.1 • 650 Ratings

🗓️ 27 October 2017

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Do you have a will? If not you should probably get one.

But if you do have one, do you understand what’s in it?

According to Will Aid, MORE THAN HALF (54%) of parents with children under the age of 18 don’t have a will.

That’s 54 per cent minus one person now, however, after This is Money editor Simon Lambert finally got his act together and sorted his out.

So what do you need to know about getting a will, what’s easy, what’s complicated and what are the things you don’t want to think about but have to?

Simon explains what he found out when he got his.

Also on this week’s show, Georgie Frost and Lee Boyce discuss the best way to help bank fraud victims – and whether enough is being done to get people’s money back and warn potential victims.

Plus, we find out how to invest like one of the most successful investors ever, Warren Buffett, from the Buffettology fund manager who has spent the past five years beating the UK market by doing just that.

The cars most people want to ditch through scrappage are also revealed, as we look at the question of whether people are getting themselves a good deal or just being lazy.

And finally, it’s time for a last ditch round of ‘will interest rates rise next week?’

Find out which one of our podcast trio says they will by giving it a listen.

Enjoy.

Transcript

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0:00.0	Welcome to This Is Money podcast in partnership with NS&I, your weekly roundup of the top personal finance, consumer and business stories that editor Simon Lambert and his team have been covering on their award-winning website.
0:12.5	I'm your host, Georgie Frost, alongside Simon Ny, is Consumer Affairs Editor Lee Boyce.
0:17.4	And this week, finally, Simon Lambert, editor of one of the most widely read
0:22.7	financial publications in the UK, has, as he's promised to do for many a year, as regular
0:27.9	listeners will know, written his will. What took him so long? What did he learn? And why is it
0:33.6	seemingly so low down the nation's priority list? Also, today we take a peek at the state of the nation's economy,
0:40.7	ask how to prepare our finances for a possible rate rise,
0:44.1	and look at if there is a lot more that banks could do to help victims of fraud.
0:48.9	Plus, we ask what on earth is Buffatology, bringing some good news for BT landline customers,
0:54.4	and we get out our little diesel-powered violins,
0:58.2	and look at the cars we are most keen to scrap.
1:01.5	All that and plenty more coming up.
1:03.0	Don't forget, stay up to date with all the latest breaking money news.
1:06.7	Just go to this ismoney.com.uk or download the app.
1:11.5	This is Money, brought to you in partnership with NS&I, giving you 100% security for your savings, backed by HM Treasury.
1:21.0	Now it should be pretty straightforward. As we delicately covered on last week's show when discussing inheritance tax, we are all going to die.
1:28.5	There is nothing that we can do about that.
1:30.7	But there are things that we can do to make sure that everything we leave behind goes to those that you want it to.
1:36.5	I'm not just talking about the tax man here.
1:38.9	A will could help sort out that and stop any family feuds developing after you're gone.
1:43.7	So why have so few of us
1:46.0	in the UK actually written
	...

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