Friends With Money #225: Estate planning essentials

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From superannuation to digital assets, there's much more to think about with estate planning than just creating a will.

On this episode of the Friends With Money podcast, Money's Tom Watson is joined by William Moore, partner and head of private client advisory at Hall & Wilcox.

They run through some of the essential components of estate planning.

friends with money podcast estate planning

00:00 Introduction

01:45 Why you need a will and when to update it

04:51 Power of attorney

08:05 Superannuation and naming beneficiaries

12:17 Digital assets in estate planning

15:04 Tax implications for beneficiaries

18:43 Final Thoughts and Advice

20:28 Conclusion

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Friends With Money podcast FAQ

What is the Friends With Money podcast?

Friends With Money is a weekly personal finance podcast by Money magazine, offering expert insights on investing, budgeting, superannuation, property, and other money strategies for everyday Australians.

Where can I listen to the podcast?

You can listen on Apple Podcasts, Spotify, or YouTube (with closed captions available).

Who hosts Friends With Money?

Episodes are hosted by Vanessa Walker and Tom Watson from Money magazine, featuring expert guests and real conversations about money.

Is the podcast suitable for beginners?

Yes! It's designed to be accessible for beginners while still offering valuable insights for seasoned investors.

What topics does the podcast cover?

The Friends With Money podcast covers topics including banking, property, budgeting, superannuation, investing, saving, insurance, employment, travel and more.

How often are new episodes released?

New episodes are released weekly, so you can stay up to date with the latest financial tips and trends.

Can I watch episodes with captions?

Yes, full episodes with closed captions are available on YouTube.

Why subscribe to the Friends With Money podcast?

Boost your financial literacy anytime, anywhere with the Friends With Money podcast from Money magazine. Whether you're commuting, working out, or relaxing at home, this weekly podcast makes it easy to grow your money knowledge on the go.

Each episode dives into real conversations about money - how it's earned, shared, saved, and grown - with tips and insights that make finance simple and relatable. Perfect for beginners and seasoned investors alike, it's your go-to guide for building better financial habits.

Subscribe to the Friends With Money podcast today and start learning when it suits you.

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Tom Watson is a senior journalist at Money magazine, and one of the hosts of the Friends With Money podcast. He's previously worked as a journalist covering everything from property and consumer banking to financial technology. Tom has a Bachelor of Communication (Journalism) from the University of Technology, Sydney. Connect with Tom Watson on LinkedIn.

William Moore is a partner and head of private client advisory at Hall & Wilcox. With over 15 years' experience, he helps individuals, families and business owners navigate complex and often sensitive matters involving succession planning, trusts, estates and estate litigation. A Law Institute of Victoria accredited specialist in Wills and Estates Law, William regularly presents for professional bodies, including The Tax Institute, Leo Cussen and the Television Education Network. Connect with William on LinkedIn.