Episode 91. Leaving A Legacy: How Wills, Trust Funds and Life Insurance Works

OUR HOSTS: 

Corinne Foxx - @corinnefoxx

Natalie McMillan - @nataliemcm and @shopnataliemcmillan 

What we're drinking: Sokol Blosser Evolution Pinot Noir 2020 

TOPIC: 

The thought of setting up wills, trust funds, and getting life insurance might seem like something that’s reserved for retirement, but in reality, it’s a smart thing to start thinking about in young adulthood. Today, we’re talking all about legacy planning, the purpose of making an official will, and the biggest benefits to having a trust. We also get into what you should consider when buying life insurance and how having that policy in place can help your loved ones after your passing. 

In this episode, we discuss:

• The steps to creating a will

• Protecting your digital legacy

• The difference between wills and trusts

• How to set up a trust

• The main question to consider when deciding if you should get life insurance

• Why and when you should get life insurance

END OF THE SHOW: 

Corinne and Natalie introduce Hottie of the Week: Will Ferrell

WINE RATING:

Sokol Blosser Evolution Pinot Noir 2020  = 7.5 / Will 

WRAP UP:

To wrap up the episode, we play Overrated/Underrated. Nat comes for a lot of people’s favorite movie with her hot take一she thinks that The Notebook is overrated, and The Hot Chick is underrated. Corinne thinks that Sour Patch Kids are overrated, and Buncha Crunch don’t get nearly enough credit when it comes to movie theater candy. 

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