Ep 490: Protect What You’ve Built: Estate Planning Strategies Every Woman Should Know

HerMoney with Jean Chatzky

Jean Chatzky Her Money

Investing, Entrepreneurship, Business

4.8 • 1.3K Ratings

🗓️ 27 August 2025

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

When you hear the words estate planning, do your eyes glaze over? Or maybe you assume it's something you'll get to “one day”? In this episode, Jean Chatzky sits down with powerhouse elder law attorney and former New York State legislator Ann-Margaret Carrozza to explain why estate planning is not just for the wealthy, and why it matters way more than most of us think. Ann-Margaret breaks down exactly what needs to go in your plan, how to avoid the biggest (and most expensive) estate mistakes, and how to protect your family from lawsuits, taxes, and unexpected drama. You’ll learn: What estate planning really means (and why it’s not just about having a will) Why avoiding probate isn’t the only reason to consider a trust The key documents every adult needs — even if you’re single and child-free How to protect your legacy and your peace of mind Learn more about Ann-Margaret Carrozza If more financial confidence sounds good to you, then you might want to try… ⁠4-Week Coaching Program⁠: Identify and understand your spending, build a strategic plan, and take control of your money. ⁠6-Week Pre-Retirement Program⁠: We’ll help you prepare financially and emotionally for this exciting milestone. 📈⁠InvestingFixx⁠: Learn, connect, and start investing—your first month is completely free. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:31.8	You know, the single biggest mistake is taking the house.
0:37.4	They don't want to think about doing a trust. The topic
0:40.6	gives them a headache. They don't think they have enough money to consider a trust. So what do
0:46.0	they do? They quote unquote simply turn it over to their children. And right off the bad,
0:56.4	rotten things will happen.
1:03.8	Hey everybody. Welcome to Her Money. I'm Gene Chatsky. Thank you so much for being here today.
1:14.7	We're going to dive into a topic that too often gets put off until it's just too late. How to protect the wealth that you have worked so hard to build, not just for yourself, but for the people that you love. According to
1:21.8	Investopedia, the average inheritance in the United States is $46,000.
1:28.3	That's meaningful money.
1:30.3	It's money you've earned, saved, invested,
1:33.3	and making sure that it's used wisely,
1:37.3	even after you're no longer around to shepherd it,
1:42.3	that's part of building a lasting legacy. We talk about estate
1:47.6	planning on this show, and often we delve into wills and living wills and durable powers
1:54.7	of attorney, but it's more than that. It's about avoiding costly mistakes that can undo years or decades of smart financial
	...

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