Out In The Open

The very last thing you do with your money can end up defining you

Money has a way of defining us after death.
The last thing you do with your money can have many consequences and end up defining you.

Money doesn't just define you now. It can also say a lot about you when you're dead.

Les Kotzer has seen that first-hand in his work as a wills and estates lawyer over the past 25 years. In his experience, he says how people deal with inheritance can bring out the worst in them.

"I don't want to leave a legacy of hate for my children. I love my two daughters deeply and to me everything is a discussion...I don't want to be the man who told me that his family was not the famous Partridge family from television, they were the ostrich family because they put their heads in the sand and never talked about this and now they're all fighting."​

Les says even people who think money doesn't get in the way of their relationships should think twice, adding that heirlooms and material goods can also cause great problems between seemingly peaceful family members. 

Despite myriad examples of people behaving badly with their dead relatives' money, Les has also seen affirmative inheritance stories.

He tells Piya about one woman he met who chose to will all her money to a charity for elderly Jewish people, in honour of her childhood friend who was taken by the Nazis while they lived in Poland.

"It shows you how good and kind [people can be], and how people remember and what touches them," he says.