The Hey Rick Podcast #012 - Mimma Garipoli

Look, I honestly think the number one mistake that people make when they're moving overseas is not to plan ahead.

And I know no one likes talking about dying.

But unfortunately, it's something that's really, really important and it does happen.

It's not like it's something that doesn't happen.

And especially with the group of people that are normally moving to Parley, they're normally, you know, of advanced age.

They're older.

People are retiring.

They're retiring and they want to move away and you never know what's going to happen.

So, I mean, the number one thing is to go and get some succession planning in Australia before you come here.

And, I mean, that includes a will.

I don't understand how people move away from Australia if they've got assets in Australia and don't.

have a will passing away without a will is difficult for everyone you leave behind.

And it also opens you up to, I guess, things happening to your hard money that you've worked on your whole life without your say, because it'll just go along with what the legislation is, which is normally to your next of kin.

All right.

So I think first of all, what we need to just, this is just general advice.

This is not specific advice.

It's just legal clarifications.

This is Mimma who's coming on here just as a guest, not, she's just giving just some general advice, not legal advice.

So everybody's situation is different.

Everyone should seek legal advice before they make these decisions.

But as a general way of thinking, let's talk about what people should be thinking about and setting up and putting in place i saw i heard a story right and this is this is why this is why i wanted to talk to you i heard a story this guy um moved to Thailand or he's living in Australia.

He had a Thai girlfriend and, um, he, uh, he died.

Uh, but because his girlfriend in Thailand thought they were in a general relationship, genuine relationship, she basically got everything is that's sort of what I read online recently.

I don't know all the ins and outs of type things, but I think there's a, I think there's a conversation needs to be had of people who are older.

Like I've got a friend, he's older, um, in his wife, uh, In him separated, he has all these assets.