00:00 This podcast episode is about how wills work and provides legal advice on the topic.

04:40 This section of the podcast discusses the importance of having an attorney look over your will, as well as the key elements that should be included in a will.

08:41 The executor is the most important person in your will, as they are responsible for inventorying your belongings, paying your legitimate debts, and distributing your assets according to your will.

12:53 When choosing an executor for your will, it's important to consider someone with a good bedside manner, enough time to inventory your belongings, and the ability to handle the responsibilities of the role.

17:22 There are different types of wills, including deathbed wills, holographic wills, DIY wills, and ironclad wills, each with their own requirements and potential challenges.

21:38 If you want to challenge a will, you have to be a person of legal standing, either someone in the will who is unsatisfied or someone who should have been in the will, such as a family member, and if you want to change your will, you can either rewrite it completely, revoke the original, or add an addendum called a codicell.

25:41 In order to deter someone from challenging a will, you can include a clause that states they will forfeit everything if they do, but it's important to leave them enough so that they are still offended but have what they need.

30:27 Setting up a trust can help reduce taxes and keep your assets out of probate court, while a living will is important for anyone of any age to ensure their end-of-life wishes are followed.

34:59 Some interesting and odd wills in history include a Portuguese aristocrat who left his fortune to 70 random strangers, a composer who offered money to the Metropolitan Opera in exchange for performing his opera after his death, a Finnish businessman who left shares of a rubber boot company that later became Nokia to his friends at a rest home, and individuals who requested their ashes be made into Frisbees or mixed with ink for comic books.

39:20 The hosts receive a request from a listener named Timmy asking them to ask his ex-girlfriend Elaine to get back together with him.