EP276 Why Every Adult Needs a Will with Erin Bury of Willful

Erin Bury is one of Canada’s top female entrepreneurs, an active startup advisor, and a former marketer and technology journalist. Erin is the co-founder and CEO of the online estate planning platform Willful, where she drives the company’s mission to make it easier for Canadians to prepare for and deal with death in a digital age. In this episode, Erin will be sharing the importance of estate planning, regardless of your age, and what this process actually entails.

Listen in as she explains how to reduce the burden on your loved ones if you pass away, as well as how to have these hard conversations with your family. You will learn the importance of looking into your work benefits and bank accounts to ensure your beneficiaries are updated, what mistakes to avoid when creating your will, and Erin’s advice for any young millionaires in the making hoping to build their wealth.

“Estate planning is all about how you take all of the wealth that you hopefully grow over your lifetime and pass it on efficiently and effectively to the family and friends that you leave behind.” – Erin Bury

This Week on Young Money:

• How Willful has changed since the pandemic happened.
• What estate planning is and why it is important.
• The purpose of a will and 2 different powers of attorney. 
• Why you should make estate planning a priority. 
• Several success strategies to consider for estate planning.
• Common estate planning mistakes to avoid.
• Erin’s experience on Dragon’s Den. 

Key takeaways:

1. Create an estate plan.
2. Age doesn’t matter when it comes to estate planning.
3. Add a beneficiary to your bank accounts.
4. Keep your will up to date.
5. Always be prepared.

Connect with Erin Bury:

• Willful
• Willful on Facebook
• Willful on Twitter
• Willful on Instagram
• Willful on LinkedIn
• Erin Bury on Twitter
• Erin Bury on LinkedIn

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