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Money Rehab with Nicole Lapin

#FreeBritney, Part 1: Conservatorships and Guardianships

Money Rehab with Nicole Lapin

Money News Network

Education, Business, Self-improvement

4.61.7K Ratings

🗓️ 8 June 2021

⏱️ 8 minutes

🧾️ Download transcript

Summary

Most people don’t know that in the blink of an eye, you could wind up in a situation where you have no control over your finances or bodily autonomy, and your every financial choice becomes a matter of public record. In the first of our two-part episode, Nicole unpacks the realities of guardianships and conservatorships: how to protect yourself long before there’s ever a need, who to choose as your trusted decision-maker, and why these can be powerful tools to protect a vulnerable loved one.  Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.

Transcript

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0:00.0

Hey, guys, are you ready for some money rehab?

0:03.0

Tsk!

0:05.0

Wall Street has been completely upended by an unlikely player. Game stop.

0:09.0

That's a good one.

0:10.0

Dean and should I have a 401k because then I don't do it?

0:12.0

No, I know.

0:14.0

I don't think the whole world will revolve around you on your money.

0:17.0

What a dumb shit!

0:19.0

Charge for wasting our time.

0:23.0

I will take a check.

0:25.0

We got bullsh**t.

0:27.0

You recognize her from Anchoring on CNN, CNBC, and Bloomberg.

0:31.0

The only financial expert you don't need a dictionary to understand.

0:36.0

The cold lap in.

0:38.0

By now you've probably heard about the hashtag free Britney movement.

0:42.0

You vaguely know it has something to do with Britney's father having control over her money

0:47.0

that she's not allowed to drive and people are really, really upset about it.

0:51.0

But you're hazy on the details.

0:53.0

Well, all of that has to do with the legal concept known as guardianship or conservatorship.

0:59.0

So what the f**k are those?

1:02.0

Since we're in California, we'll use the word conservatorship since we're talking about adults over 18.

1:07.0

Most often, elderly adults.

...

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