“I promised my son $250K rather than part of our family house, do I owe him the interest too?” (with The Moneyist)

HerMoney with Jean Chatzky

Jean Chatzky Her Money

Business, Investing

4.8 • 1.3K Ratings

🗓️ 9 January 2026

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

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Summary

Is fair always equal when it comes to family and money? On this week’s HerMoney Mailbag, Jean Chatzky is joined by Quentin Fottrell, Managing Editor of Advice at MarketWatch and the voice behind The Moneyist column, to tackle the most emotionally charged financial questions from our listeners and his inbox. They dive into: 💸 Whether a promised $250K inheritance should include interest 🏡 How to avoid probate and protect your family home using a Lady Bird Deed 🧺 A listener whose parents are giving each son a $500K laundromat (but don’t want to give their spouses anything) Whether you're planning your estate, helping aging parents, or wondering how to protect family assets, this episode is packed with practical tips, legal insights, and thoughtful perspectives. Want more smart money advice from Jean? Subscribe, leave a review, and send your questions to [email protected]. Resources Mentioned: 🔗 The Moneyist at MarketWatch 🔗 HerMoney Facebook Group 🔗 Join the InvestingFixx Community Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:46.7	There's only so much control that parents can exercise over their children, especially after they're gone.
0:56.0	The best kind of gifts don't come with strings attached.
1:01.0	You know, all inheritance is treated as separate property unless their sons sell the businesses,
1:06.0	put them in a joint bank account or commingle the money.
1:10.0	Hey everyone, thank you so much for joining us today on her a joint bank account or commingle the money.
1:12.5	Hey everyone.
1:15.3	Thank you so much for joining us today on Her Money.
1:21.2	I'm Gene Chatsky, and I've been waiting for this one because on today's mailbag, I'm fan-girling a bit.
1:22.8	I am joined by Quentin Petrell, managing editor of advice at MarketWatch, and the voice behind
1:31.0	The Moneyist, one of my favorite columns about the tricky, emotional, and often messy, messy, messy,
1:40.8	money dilemmas that we all face. If you have ever read one of Quentin's
1:47.4	pieces, you know he does not shy away from the tough stuff, from sibling rivalries, inheritance
1:54.6	issues, secret bank accounts, you name it, he has tackled it with his own brand of insight, empathy, and a touch
2:03.4	of dry wit. And today, he is lending that wisdom to your questions. We got a mix of submissions
	...

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