Investing For Doctors Podcast
Welcome to the Investing For Doctors podcast. Here we talk about personal finances, investing, wealth creation, accounting, and personal development that will aid you in your life journey as a doctor.
Please note that the information provided in this podcast is for educational and entertainment purposes only. The content should not be considered as financial advice and your personal situations have not been taken into account. Before making any financial decisions, we strongly recommend consulting with the relevant professional(s).
Investing For Doctors Podcast
A Will Isn’t Enough for Doctors — Here’s What Is | Ep. 21
Join 27,000+ doctors and dentists in the 'Investing for Doctors' Facebook group: https://facebook.com/groups/investingfordoctors
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In this episode of the Investing for Doctors Podcast, we sit down with estate planning solicitor Tyrone Dutt to unpack one of the most misunderstood areas of wealth protection — what actually happens to your assets when you die.
We dig into the critical documents every medical professional needs but most don't have — wills, enduring guardianships, binding death benefit nominations — and how your family could end up fighting in court if you get this wrong.
We cover the key estate planning mistakes doctors make, the legal traps hiding in your superannuation, and why relying on your will alone might not be enough to protect your loved ones.
You’ll also learn how blended families, second marriages, and dependents from different relationships can complicate even the simplest estates — and how to bulletproof your plan before it’s too late.
If you're building wealth but haven’t thought about what happens after you're gone — this episode is your wake-up call!
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TIME STAMPS:
00:00 – Hook/Intro
01:20 – Why Estate Planning is a “Gap” for Doctors
03:00 – What is a Will (and what it doesn’t cover)
05:25 – Enduring Guardian vs Power of Attorney
08:15 – The Documents Every Doctor Needs
11:00 – Why Your Will Doesn’t Control Your Super
14:30 – The $2M Insurance Trap in Super Funds
17:05 – Who Actually Gets Your Super When You Die?
19:10 – How Blended Families Complicate Everything
21:40 – Common Misconceptions About Binding Death Nominations
24:25 – Why Some Super Funds Don’t Let You Nominate Parents
26:30 – Tax Consequences of Poor Estate Planning
29:00 – Structures to Minimise Risk and Maximise Certainty
32:20 – Why Every Doctor Needs This Conversation
34:10 – Teaser: Incapacity Documents in the Next Episode
35:00 – Outro & Disclaimer
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SHOW NOTES LINKS
https://au.linkedin.com/in/tyronedutt
https://www.facebook.com/3mpireLaw
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FIND US HERE:
Website: https://ifdgroup.com.au/
Facebook Group: https://www.facebook.com/groups/investingfordoctors
Facebook Page: https://www.facebook.com/investingfordoctors
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DISCLAIMER:
The information provided in this podcast is for general purposes only and should not be considered personal advice. Always consult with qualified professionals or experts in the relevant field for personalised advice tailored to your specific situation.
