You spend years building wealth.

You analyse markets. Manage risk. Build a portfolio. Protect your accounts. Create passwords. Turn on two-factor authentication. Set up superannuation. Perhaps you own investments through a company or trust.

But there’s one risk most of us rarely plan for.

What happens to it all when you die?

There are actually two very different problems hiding inside that question.

First – who legally gets your assets?

And then – can they actually find them and access them?

Because having a will doesn’t necessarily mean every asset you own will automatically pass to the people you intended. Shares, brokerage accounts, superannuation, companies and trusts can all have different considerations.

But even when your estate planning is well organised, there’s another modern problem.

We’ve spent years being told to lock down our financial lives.

Strong passwords. Two-factor authentication. Password managers. Locked phones. Secure email accounts. Never share your login details.

Could we actually do such a good job protecting our money that we accidentally lock our families out too?

In this special episode of Talking Trading, I’m bringing together two experts to look at both sides of your financial legacy.

Melbourne lawyer Tina Garg explains what can happen to your trading and investment assets when you die, why a will may only be part of the picture, and what you can put in place now to make things easier for the people you leave behind.

Then cybersecurity expert and “good guy hacker” Robert Siciliano tackles the digital problem – how your family discovers what you own, what happens when everything is protected behind passwords and authentication, and how you can leave access to the right people without creating a treasure map for criminals.

Because building wealth is only half the job.

You also need to make sure it can ultimately do what you wanted it to do.

Questions we Discuss

Tina Garg:

What happens to your portfolio when you die?
Traders spend years building portfolios, but many probably haven’t considered what actually happens to their brokerage accounts and investments when they die. What happens – and what are the biggest mistakes you see people make?

How do you make passing on wealth easier?
For someone with shares, ETFs, trading accounts, superannuation, or investments held through companies or trusts, what should they be thinking about now to make transferring that wealth to the next generation as straightforward as possible?

What DOESN’T your will cover?
A lot of people assume, “I’ve got a will, so everything is sorted.” What are some of the assets or circumstances that may not be dealt with as simply as people expect – and what should every trader check after listening to this conversation?

Robert Siciliano:

What if everything is locked down?
We’re constantly told to protect our financial lives with strong passwords, two-factor authentication and locked devices. What happens when we die and we’ve protected everything so well that our family can’t find or access our accounts?

So what’s the solution?
A master list of accounts, passwords and financial information could become a treasure map for a criminal. How do we make sure the right people can access our digital financial life without creating a security vulnerability?

Let’s make this really practical. What are three things every trader or investor should do now?
What should everyone put in place now so their digital financial life remains secure while they’re alive, but accessible to the right people when they die?

Get in touch with Tina Garg

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