When you get married or have a child there are so many exciting things to focus on like the wedding dress, invitations, the honeymoon and baby showers. The last thing we want to think about are the financial aspects. Yet it is the finances that will have the most lasting impact on our relationships. This is especially true when it comes to writing up a will. After your marriage contract, this is the most important document to get drawn up.
In this conversation Maya and Andrea chat to fiduciary expert Moremadi Mabule about everything you need to know when writing up your will:
- How does your marriage regime affect your will?
- What happens when you die without a will?
- What makes a will valid?
- How to provide for your children in your will
- How should you update your estate planning if you get divorced?
- Should you both have life cover to provide for the maintenance?
This podcast is part of a series of conversations where Maya speaks to Andrea Carr about her experience of getting divorced which led Andrea to question many of the decisions she made as a woman, as a mother and as a wife, when it came to her finances. It made her realise the importance of taking care of herself, instead of only taking care of her family.
It is important to note that while the idea for this series came from Andrea’s personal experience of getting divorced, this is not just about women or divorce. These conversations are relevant to anyone in a relationship especially when there are children involved and the additional workload of caregiving. We want to understand how to navigate this space so that it feels fair – from a financial, physical and emotional perspective.
This is the third podcast in a four-part series in partnership with NinetyOne. Take a listen to the other episodes in this series, and look out for the last episode in which we will be speaking to a relationship therapist.
