1906: What Women Need to Know About Protecting Their Wealth: A Legal ToolKit

So Money with Farnoosh Torabi

Farnoosh Torabi

Business, Entrepreneurship

4.7 • 2K Ratings

🗓️ 17 November 2025

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today’s guest is someone who has spent more than two decades helping women, families, and entrepreneurs build, protect, and keep their wealth.

Ann Margaret Carrozza is a nationally recognized asset-protection and elder-law attorney, a former New York State Assemblywoman, and a trusted legal commentator seen across CBS, NBC, Fox Business, and iHeart. Her new book, The Smart Woman’s Guide to Building & Protecting Wealth, is a roadmap for safeguarding everything you’ve worked hard to earn — from unexpected lawsuits and tax traps to relationship risks and long-term care. In our conversation, Ann Margaret makes one point very clear: You cannot build wealth unless you also protect it. And for women in particular who statistically earn less, live longer, and often carry more family responsibility, the stakes are even higher. In this episode, we break down how transparency, smart prenups, and strategic tools like trusts and alternative long-term care policies can help protect your assets, your home, and your future. You can follow Ann Margaret on Instagram @MyLawyerAnn

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Transcript

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0:00.0	So Money episode 1906, what women need to know about protecting their wealth, a legal toolkit
0:06.2	with Anne Margaret Carosa.
0:09.3	You're listening to So Money with award-winning money guru Farnoosh Karabi.
0:14.2	Each day, get a 30-minute dose of financial inspiration from the world's top business minds,
0:19.4	authors, influencers, and from Farnoose yourself.
0:23.4	Looking for ways to save on gas or double your double coupons?
0:27.2	Sorry.
0:28.1	You're in the wrong place.
0:29.5	Seeking profound ways to live a richer, happier life.
0:32.7	Welcome to So Money.
0:35.7	Within a pre-nup, within a post-nup, we can set limits on what our separate mad money purchases
0:45.2	are going to be.
0:47.2	And people will say, that's crazy.
0:50.3	Why do we have to deal with a contract?
0:53.0	It should be common sense. It's not. And we put things in writing to guard against faulty recollections. We've all played that game of telephone where the message is totally different when a little time and different people interpreted in different ways.
1:14.0	So we put things in writing to guard against faulty recollections.
1:18.8	And it really is like a mission statement that we can pull out dust off once in a while and edit it almost a governing plan.
1:29.1	Welcome to So Money, everybody. I'm Farnoge Tarabi. This episode feels a little bit surreal.
1:34.5	I got to be honest. This guest we have today, Anne Margaret Carosa, she's a nationally recognized
1:39.8	asset protection, an elder law attorney, former New York State Assemblywoman, and a legal
1:45.5	commentator you might have seen on places like CBS, NBC. And we recorded this episode last week
1:51.5	on a Friday morning. And then a few hours later, I logged into our monthly So Many Members Club
	...

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