Medics Money podcast Ep 316: Do you have a will?
Mar 17, 2026
Doctors’ low will uptake and why many delay getting one are explored. The conversation covers what a will actually does and the risks of dying without one. Options for creating wills—DIY, online or solicitor—are compared. Trusts, estate planning, trustee duties and tax implications are introduced. Family dynamics and strategic choices like marriage for tax reasons are discussed.
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Executors Get Immediate Authority With A Will
- A will speeds practical estate tasks because named executors gain authority immediately on death.
- Without a will the intestacy process gives no instant authority and families often face bureaucratic delays with institutions.
Use A Specialist Solicitor Not A DIY Template
- Do use a specialist solicitor rather than DIY wills to avoid costly drafting errors.
- Richard cites examples like misnamed charities and says a professional will often costs under £500 and prevents probate queries.
Tell Your Lawyer About Family And Finances
- Do share financial details with your will-writer so they can spot tax issues and refer you to a financial adviser.
- Richard asks about family dynamics and a broad-brush view of finances to flag inheritance tax or pension issues.