Jul 22, 2026 · 53 min · 12 segments
Most property investors spend years building wealth. But very few spend any time thinking about how they're actually going to protect it. What happens to your portfolio if you die unexpectedly? Who…
Mike HinerGuest
Andy GrahamHost
Rather embarrassingly, I have to admit this, Mike, that I think that I'm definitely in the naughty corner.

And actually, I feel quite embarrassed because I've got a few questions today that I would love to talk to you about to find out a little bit more.

Things like wills and trusts, powers of attorney, company ownership and structures for property holding vehicles and businesses and everything.

I haven't got any wills or trust or really given them any thought, but possibly even worse, I haven't even given a will or thought and I don't have a will.

I have a daughter now as well, which I think is what has prompted me to actually do something about all this.

I had a conversation with Jen, my wife, recently and actually I thought, I have really no idea how any of this works, if anything was to happen.

So that's me holding my hands up, but I'm hoping that you can enlighten me today and all of our listeners.

So can we start with wills and trusts? I suppose if I gave you a scenario, if I were to die tomorrow, touch wood, of course, that that doesn't happen.

But if I were, I've got my portfolio of properties owned in different companies and some of my personal name.

That's kind of a massive issue, really, because when you haven't got a will, you die what they call intestate, which means you get the government will, which is a set of rules set out by the government as to who actually benefits from the estate that you've actually created.

Now, you're married, so what that means is with the intestacy rules, your wife will receive the first £322,000 worth of your estate.

Rather embarrassingly, I have to admit this, Mike, that I think that I'm definitely in the naughty corner.

And actually, I feel quite embarrassed because I've got a few questions today that I would love to talk to you about to find out a little bit more.

Things like wills and trusts, powers of attorney, company ownership and structures for property holding vehicles and businesses and everything.

I haven't got any wills or trust or really given them any thought, but possibly even worse, I haven't even given a will or thought and I don't have a will.

I have a daughter now as well, which I think is what has prompted me to actually do something about all this.

I had a conversation with Jen, my wife, recently and actually I thought, I have really no idea how any of this works, if anything was to happen.

So that's me holding my hands up, but I'm hoping that you can enlighten me today and all of our listeners.

So can we start with wills and trusts? I suppose if I gave you a scenario, if I were to die tomorrow, touch wood, of course, that that doesn't happen.

But if I were, I've got my portfolio of properties owned in different companies and some of my personal name.

That's kind of a massive issue, really, because when you haven't got a will, you die what they call intestate, which means you get the government will, which is a set of rules set out by the government as to who actually benefits from the estate that you've actually created.

Now, you're married, so what that means is with the intestacy rules, your wife will receive the first £322,000 worth of your estate.
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