So Money with Farnoosh Torabi 1906: What Women Need to Know About Protecting Their Wealth: A Legal ToolKit
Nov 17, 2025
Ann Margaret Carrozza is a seasoned asset-protection and elder-law attorney, known for her work supporting women and families in safeguarding their wealth. She emphasizes that legal protection is crucial for building wealth, especially for women facing unique financial challenges. Topics include the importance of financial transparency with partners, the role of prenups in setting financial goals, and practical steps for long-term care planning. Carrozza also discusses trusts as a means to protect your home and avoid probate.
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Start Small To Build Wealth
- Cut discretionary spending and surround yourself with people who boost your financial goals.
- Sell unused items and funnel small gains into investments to build momentum.
Protection Is Part Of Personal Finance
- Legal protection is as crucial as saving and investing because risks can wipe out assets.
- Illness, divorce, taxes, and lawsuits create a high chance of losing wealth without protections.
Know Your Partner's Finances
- Be familiar with your partner's financial life and review shared accounts regularly.
- If separating, secure logins and social accounts to prevent financial and reputational harm.
