Description

Liz and Michelle tackle the taboo topic of preparing for the worst, should you find yourself suddenly single through divorce or the death of a partner. They chat with consumer journalist and ITV This Morning's Consumer Editor, Alice Beer, about the uncomfortable but necessary conversations couples should have regarding wills, finances, accounts and more. Alice provides tons of practical advice on ensuring you and your family are looked after, from making a list of all accounts to having a capable friend by your side as you make those difficult calls. This episode will get you motivated to empower yourself with financial knowledge and protect your future, no matter what comes your way. 

Midlife library blog from Alice available here

KEY TAKEAWAYS 

• Not being married means you have zero rights if your partner dies without a will, their assets won't automatically go to you.
• Express your wishes clearly in a will about who inherits what, and name an executor who understands your relationship.
• Go through all accounts - mortgage, loans, pensions, insurance etc - and put both partner's names on everything possible.
• Appoint your most capable, level-headed friend to help you make necessary calls if you're suddenly single.
• Use official resources like citizens advice to guide you, not just any google result.
• Have set responses ready for any requests for money from relatives after a bereavement.

BEST MOMENTS 

"If you're not married to your partner, you absolutely will live in a society where you have no rights." 

"Empowerment is so much better than denial. Be really brave about saying, can we just set aside Saturday morning with coffee rather than wine, and go through everything."

 "I know clever, sassy women who suddenly, they know they've got money in the bank somewhere, cannot pay the mortgage a month after their husband has died. And that's ridiculous."

"Financial wolves will prey on widows...you could fall into scam traps."

"Have a set phrase, like 'Thank you so much. It's not convenient for me to talk right now.'"

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