# How Do Couples Enforce Spending Limits?

An episode of [Suze Orman's Women & Money (And Everyone Smart Enough To Listen)](https://invisiblenetwork.ai/podcast/1439621652), 11 Oct 2026, 30 min.

Audio: https://traffic.omny.fm/d/clips/2df1102a-5761-4c99-b489-aabd0161f8fe/44e0936e-923c-43c7-9e2a-aade00edf4d3/0fd48c69-f0a8-4d3f-b85d-b4de0179ab62/audio.mp3?utm_source=Podcast&in_playlist=4e05fb00-5a5b-4ed9-b353-aade00edf4dd

For this all new Ask KT & Suze Anything, Suze answers your questions about getting out of debt, couples and spending limits, eldercare and so much more. Learn more about the Ultimate Scam Protection here: SuzeOrman.com Watch Suze’s YouTube Channel Jumpstart financial wellness for your employees: https://bit.ly/SecureSave Protect your financial future with the Must Have Docs: https://bit.ly/3Vq1V3G Help with the Must Have Docs: • Email:support@musthavedocuments.zendesk.com • Phone: 888-510-0510 Get your savings going with Alliant Credit Union: https://bit.ly/3rg0Yio Get Suze’s special offers for podcast listeners at suzeorman.com/offer Join Suze’s Women & Money Community for FREE and ASK SUZE your questions which may just end up on the podcast. Download the app by following one of these links: CLICK HERE FOR APPLE: https://apple.co/2KcAHbH CLICK HERE FOR GOOGLE PLAY: https://bit.ly/3curfMI See omnystudio.com/listener for privacy information.

## Transcript

[0:00] KT: Suze, do you know what happens in 20 days?
[0:03] Suze: Actually, KT, I have no idea.
[0:05] KT: It's not Halloween.
[0:06] Suze: So what are you talking about?
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[1:10] KT: Welcome everyone to the Women and Money podcast, and everyone's
[1:13] KT: smart enough to listen. Today is October 11th, 2026, and wait,
[1:20] KT: I hope you're all listening and enjoying this because Suze
[1:23] KT: and I pre-recorded this podcast because today we are in Kenya, Nairobi.
[1:31] Suze: Are you sure about that? So, as many of you
[1:35] Suze: know that we left on October 3rd, October 4th. Did
[1:40] Suze: you enjoy the LA event if you went and you streamed,
[1:44] Suze: I hope you did. And then immediately after that we
[1:48] Suze: took off for Istanbul, and now we are in Kenya.
[1:55] Suze: And today I'm actually addressing all the teachers that I
[2:01] Suze: have taught how to teach 700 women in Pokot, Kenya,
[2:09] Suze: and it's really very exciting that we are bringing financial
[2:14] Suze: freedom to Africa and I am so thrilled to have
[2:19] Suze: pioneered that course for them. All right, so, but we're
[2:24] Suze: here for you.
[2:25] Suze: We're here to pioneer you. So, we pre-recorded this, but
[2:30] Suze: you're hearing it now. All right.
[2:32] KT: OK, so my first question is really great, Suze. I,
[2:36] KT: I love this. Listen up, everyone. This is from Dottie.
[2:41] KT: I love Dottie. Hi, Suze. I just want you to
[2:44] KT: know that four years ago, I joined Amazon and wrote
[2:48] KT: to you about my RSU stock vesting and what to
[2:53] KT: do with it. I took your advice. Ready? I never
[2:58] KT: cashed out a single one and I've held on to
[3:02] KT: them thanks to your advice and thanks to
[3:05] KT: you, Suze, I'm leaving Amazon with almost $1.7 million next month.
[3:14] KT: You and your podcast have truly changed my life and
[3:18] KT: my future. I cannot thank you enough. Dottie.
[3:23] Suze: See KT, that's one of those emails that I read
[3:26] Suze: years ago, and I went, oh my God, I want
[3:29] Suze: to help this woman, and the advice happened to be,
[3:32] Suze: for those of you who don't know, an RSU is
[3:35] Suze: a restricted stock unit. And not only did Dottie keep
[3:41] Suze: what she had, but she kept adding to it. I said,
[3:44] Suze: you put every cent you have into it. Keep doing it.
[3:47] Suze: Keep doing it, keep doing it. And now here she is. So,
[3:52] Suze: I'm glad you chose that, KT, because the point of
[3:55] Suze: it is if you stick with something that's good.
[3:58] Suze: If you continue to invest in something you already have
[4:03] Suze: like she did, you too might be able.
[4:07] KT: 1.7 million four years later. Wow, you got it. Unbelievable.
[4:14] KT: Good for you, Dottie.
[4:15] Suze: We're happy for you, Dottie. Don't spend it all in
[4:17] Suze: one place. Next question.
[4:18] KT: I was gonna say go out and have a party.
[4:21] KT: Susie says don't spend it.
[4:23] KT: So Suze, next statement is from Chris. Listen up again,
[4:28] KT: dear Suze. You were right. I just wanted to share
[4:31] KT: a real life example from a faithful listener. My friend's
[4:36] KT: father recently passed away. He had done the responsible thing
[4:40] KT: and set up a trust, but the family soon discovered
[4:44] KT: that he had never named a beneficiary on his $80,000 IRA.
[4:52] KT: Now the IRA has to go through probate. This is
[4:56] KT: especially difficult for a family without much money that is
[5:00] KT: also caring for a special needs child. Thousands of dollars
[5:06] KT: wasted and so much time lost.
[5:08] KT: So once again, you were right. Please keep reminding your
[5:12] KT: listeners to check their beneficiaries regularly, right, Suze, especially divorced people.
[5:19] Suze: Yeah, what's important about this one, KT, and again, I'm
[5:22] Suze: glad you chose it, is that so many of us think: "Oh,
[5:27] Suze: I've set up this account. I have this. I have
[5:29] Suze: this much money. I have that." And we never ever
[5:32] Suze: think about what happens if I die and how many
[5:37] Suze: times do I have to say it's not an if,
[5:39] Suze: it is a when. So you have to dot your I's,
[5:45] Suze: cross your T's. You have to be crystal clear. You
[5:48] Suze: have to.
[5:48] Suze: Check and you have to double check when it comes
[5:51] Suze: to your money, your beneficiaries, your titles on your property,
[5:55] Suze: titles on your brokerage accounts, making sure your trusts are funded,
[6:00] Suze: and so on. KT, can you just now ask me
[6:03] Suze: a question?
[6:05] KT: All right, I have a question for you, Suze.
[6:08] Suze: Finally.
[6:09] Suze: This is great. I have an important question that I
[6:12] Suze: hope you can guide me on. My wife, 42, and I, 49,
[6:17] Suze: live in New York City. We have no children. We
[6:20] Suze: are focused on wealth accumulation, tax efficiency, peace of mind,
[6:26] Suze: and low stress preparation for my retirement in about 6 years.
[6:32] Suze: We also own a home in New Jersey and we
[6:34] Suze: plan to keep both properties for now.
[6:38] KT: So Suze, here's the question, Should we pay off the 2.75%
[6:44] KT: mortgage for New York at $70,000 with 5 years left
[6:49] KT: or the $146,000 mortgage with 19 years left at 4.125%
[6:58] KT: in New Jersey?
[7:00] KT: Should we use our high yield savings account which has
[7:04] KT: $720,000 in it, or do we keep paying our monthly
[7:10] KT: payments and not pay off either mortgage?
[7:13] Suze: This one's really easy, KT.
[7:15] KT: OK, what would you do?
[7:16] Suze: Here's what I would do if I were you. The
[7:20] Suze: goal of money is for you to be secure. Got this?
[7:24] Suze: Obviously, $720,000 in cash making 3.5 or 4% taxable. Has
[7:33] Suze: made you feel secure.
[7:36] Suze: You have to decide on an amount of money that
[7:39] Suze: you're willing to use from this high yield account. To
[7:43] Suze: pay off the mortgage, I would not touch the one
[7:48] Suze: that's at 2.75%.
[7:50] Suze: The one in New Jersey for 4.125%. If you would
[7:55] Suze: feel secure using 146,000 from your 720,000, I would pay
[8:00] Suze: that one off. Just get rid of it. You don't
[8:03] Suze: need it, but only do it if it makes you
[8:07] Suze: feel secure. KT, next question.
[8:09] KT: Hi, Suze, I have a question for you, and I
[8:11] KT: need your advice. I'm trying to get out of credit
[8:15] KT: card debt. I have $30,000 of debt.
[8:19] KT: Do I pull out 30k from my 100k 401k to
[8:24] KT: pay off the debt? Ar take my earnings from my
[8:28] KT: $30,000 in gains from stocks that are doing great? I'm
[8:33] KT: so confused because I don't want to take money out
[8:36] KT: of my stocks. What should I do, Suze? Please help.
[8:40] KT: I can't take it anymore, the 27% interest on my
[8:44] KT: credit cards.
[8:46] Suze: Let me see this one.
[8:48] Suze: You know what's bothering me lately, KT?
[8:51] Suze: I don't know if you've noticed this...
[8:53] KT: Debt, debt is sneaking back.
[8:55] Suze: You know, everybody, for quite a few years now, all
[8:59] Suze: the emails have been about I have this much money
[9:02] Suze: in my retirement account. I own these two homes outright.
[9:06] Suze: I'm very close to owning the homes outright. Everything has
[9:10] Suze: been so great.
[9:12] Suze: The other day I was looking through all the emails,
[9:15] Suze: one after another after another after another is about credit
[9:21] Suze: card debt. I have debt. I don't know how to
[9:23] Suze: get out of it. I don't know what to do,
[9:26] Suze: and I don't know if these are people who have
[9:28] Suze: just found me or not, but that concerns me.
[9:32] Suze: Should it concern you? Probably because when people have debt
[9:38] Suze: it runs through the whole system, believe it or not.
[9:41] KT: It's, it's, it's sneaking in Susie, and I think the
[9:44] KT: culprit is the price of gas, the high price of food.
[9:49] KT: The price of everything and people are just living their
[9:52] KT: usual life and putting it on the card and it's
[9:55] KT: coming back. Listen to this one.
[9:57] Suze: No, I have to answer this. I haven't answered this.
[10:00] Suze: Slow down, Speedy. Hey, Speedy Gonzalez, slow down. You're like
[10:04] Suze: a little roadrunner. She is. I have to tell you.
[10:07] Suze: Let me tell you what my mornings are like.
[10:10] Suze: At 5 o'clock in the morning, right? I'm not quite
[10:13] Suze: up yet. Sometimes I am. All of a sudden, KT says, hi,
[10:18] Suze: we say hi. We do our exercises that we do
[10:21] Suze: every morning in bed, takes maybe 10 minutes, right, with
[10:24] Suze: our legs, and then she's up and running.
[10:27] Suze: And when I say running, I mean running. She's either
[10:30] Suze: going fishing, watering the plants, going all over. I mean...
[10:34] KT: I make coffee.
[10:35] Suze: And makes coffee. All right, that's besides the point. But
[10:38] Suze: listen to me here for the answer to this question.
[10:41] Suze: You absolutely are not to take the money from the
[10:45] Suze: 401k to pay off the debt.
[10:48] Suze: The only way that you would be able to do
[10:50] Suze: it if you wanted to touch money in your 401k,
[10:54] Suze: because I'm assuming you're still working, would be to take
[10:56] Suze: a loan for $30,000. But if you take a loan
[11:01] Suze: for $30,000 and then you lose your job, that loan
[11:06] Suze: is going to be payable probably within a month. And
[11:09] Suze: if you don't have the money, you're not only going
[11:12] Suze: to owe taxes, but you're going to owe a penalty
[11:15] Suze: on it as well if you don't have the money
[11:16] Suze: to pay it back.
[11:18] Suze: Plus, that's $30,000 that's been invested in your retirement account,
[11:24] Suze: and it's still being taken out of the stock market. So,
[11:28] Suze: if this $30,000 is eating at you, what I would
[11:34] Suze: do if I were you is I would take the
[11:36] Suze: $30,000 of gains that you have in the stock market.
[11:42] Suze: Hopefully they are long term gains, and I would take
[11:47] Suze: that money and pay off the debt.
[11:50] Suze: Because you know, yeah, the markets are going up. Everything's
[11:54] Suze: been great, you're all happy again, and then all of
[11:56] Suze: a sudden it goes way back down. Don't think those
[11:59] Suze: $30,000 of gains can't disappear if something happens, so you
[12:03] Suze: have gains, take them. Doesn't mean you sell the stocks
[12:08] Suze: that gave you the gains. You're just simply taking the
[12:11] Suze: gains and get rid of this debt. However, now listen up.
[12:18] Suze: You are going to owe taxes on those capital gains
[12:22] Suze: $30,000 of capital gains. So every single month I want
[12:29] Suze: you to take the money that you were paying towards
[12:33] Suze: that debt.
[12:34] Suze: And put it in a high yield savings account or
[12:38] Suze: money market account every single month, because taxes are not
[12:43] Suze: going to be due on this until April 15th of 2027.
[12:49] Suze: So you have a whole lot of months to gather
[12:52] Suze: enough money that when the taxes are due, you're gonna
[12:57] Suze: have the money to pay for it. Now, I don't
[13:00] Suze: know what your income is and how much you're actually
[13:03] Suze: going to owe in taxes, but it might not hurt
[13:07] Suze: to just ask a CPA or somebody, how much am
[13:10] Suze: I going to owe in taxes on these gains, and
[13:13] Suze: you make sure that you save that money. So that
[13:17] Suze: you don't have to go into debt again just to
[13:20] Suze: pay the taxes. All right, KT, next.
[13:23] KT: That was a good answer.
[13:26] Suze: And if it was a bad answer, trust me, wait
[13:28] Suze: a minute, I gotta tell you this. If it was
[13:30] Suze: a bad answer, what would you do, KT?
[13:32] KT: I'd say, Suze, that's not right.
[13:35] KT: Here's another one ready for this one. I'm a full-time
[13:38] KT: elementary school social worker. I spend my work days helping
[13:43] KT: children and families find resources when life feels overwhelming.
[13:47] Suze: Don't tell me this is another one about debt.
[13:51] KT: Yes ma'am.
[13:51] Suze: All right, go on.
[13:52] KT: And lately I found myself wishing I knew where to
[13:56] KT: turn for a little help of my own.
[13:58] Suze: You picked it because she was a teacher, right?
[14:00] KT: I do.
[14:00] Suze: And, and she's a social worker.
[14:03] KT: And she, yeah, and she's young. I currently have approximately $13,600 in
[14:08] KT: credit card debt that I'm trying desperately to pay down.
[14:13] KT: I'm also preparing to marry my fiance.
[14:16] KT: And we are paying for our wedding ourselves. We're trying
[14:19] KT: to build a stable future while handling all of these
[14:22] KT: responsibilities our rent, our student loans, our living expenses, and Suzie,
[14:28] KT: some days the numbers feel overwhelming. I just don't know
[14:33] KT: what to do next. I feel like I'm just running
[14:35] KT: in circles.
[14:36] Suze: Oh, here we go again, another debt one. Here's the thing.
[14:41] Suze: What concerns me most, KT, about this email is she's
[14:45] Suze: preparing to marry her fiance.
[14:47] KT: I think they have to wait.
[14:49] Suze: And they're paying for it themselves. Tell everybody how we
[14:53] Suze: got married, KT. We went to a justice of the
[14:56] Suze: peace in South Africa,
[14:58] KT: Yeah, because we, it wasn't legal to get married yet
[15:01] KT: in America.
[15:01] Suze: We didn't have a fancy wedding. We didn't spend a
[15:04] Suze: whole lot of money. That's what we did. You cannot.
[15:10] KT: When you have $13,600 of credit card debt, most likely
[15:15] KT: at a high interest rate, even though you did not say.
[15:20] Suze: And it's eating you alive, and you have student loan payments,
[15:23] Suze: you're barely making it for your rent, you're doing all
[15:26] Suze: of these things, and you're going to pay for yourself
[15:30] Suze: for a wedding out of what? When you start a
[15:34] Suze: marriage in debt, that is a formula for divorce, I
[15:39] Suze: am telling you right now. Divorce, the number one reason
[15:44] Suze: for divorce today is arguments over money.
[15:48] Suze: Don't do this yet. You can get married, but you
[15:52] Suze: are not paying for your own wedding. If you love him,
[15:55] Suze: you want to be together, you're OK about money. You
[15:59] Suze: understand that your values and everything are OK, whatever it
[16:02] Suze: may be.
[16:04] Suze: Then just go get married, but do not spend one
[16:08] Suze: penny 'cause you don't have one penny to spend to
[16:12] Suze: get married. You have to take care of your debt now,
[16:19] Suze: before you can spend one penny on anything else. Where
[16:23] Suze: I would go if I were you would be to NFCC.org.
[16:29] Suze: Just look them up.
[16:31] Suze: They'll look at your credit cards you have, the interest
[16:33] Suze: rate that you have, and maybe they'll be able to
[16:36] Suze: lower those interest rates so that you can have a
[16:39] Suze: plan to get out of debt. You want to work
[16:42] Suze: with somebody, that's who I would work with. All right, KT,
[16:47] Suze: do not, do not, Miss Travis, read me another debt question.
[16:52] KT: This is worse.
[16:55] KT: This is, this is worse than debt. Ready? Hi Suze.
[17:00] KT: My husband and I, both 49, have a great combined income,
[17:06] KT: no debt, investments, retirement, and a paid off house, but
[17:11] KT: we still have lots of arguments about money. That's what
[17:15] KT: I'm talking about. This is worse. My issue is this
[17:18] KT: he makes $80,000 a year.
[17:21] KT: I make 220,000, but month after month he spends hundreds
[17:28] KT: on his hobbies or toys, and sometimes his credit card
[17:32] KT: bill is even close to his entire monthly take home pay.
[17:37] KT: He doesn't see a problem because he says we have
[17:40] KT: the money. Oh my God.
[17:43] KT: So listen to this. She said the only reason we
[17:45] KT: have a paid off house and anything saved at all
[17:48] KT: is because of me. How do you suggest a couple
[17:52] KT: enforce fund money limits when the high earner is not
[17:57] KT: a spender and the low earner is?
[18:00] Suze: Before I answer KT, what would you tell him?
[18:04] KT: Clearly, I think that he's just being an idiot.
[18:08] KT: He's being arrogant.
[18:10] Suze: He's being very disrespectful
[18:11] KT: And disrespectful, and I think that she's got to say, "Listen,
[18:16] KT: you make $80,000 a year. You're not contributing to anything.
[18:20] KT: So we need to separate our finances." It's that simple.
[18:25] KT: She has to separate the finances.
[18:28] Suze: And have him split the utility bills and everything that
[18:33] Suze: he jointly uses. He needs a serious reality.
[18:36] KT: He needs a slap down that's that.
[18:39] Suze: And on some level, you, you obviously have to take
[18:42] Suze: responsibility for this.
[18:45] Suze: Right, because he's been allowed to do this for a long,
[18:49] Suze: long time, and he doesn't understand why he can't continue
[18:53] Suze: to do it. And the reason he can't continue to
[18:56] Suze: do it, in my opinion,
[18:59] Suze: isn't because you guys don't have the money.
[19:02] Suze: It's because you don't want him to. And he has
[19:07] Suze: to respect what you want to do as well as
[19:10] Suze: you have to respect what he wants to do as well.
[19:14] Suze: But it has to be equal, and it is not
[19:17] Suze: equal right now. You say in this email you own
[19:21] Suze: the home because of you. You have the retirement account
[19:23] Suze: cause of you. You have everything because of you. He
[19:26] Suze: obviously hasn't been doing anything for a long, long time,
[19:29] Suze: and you have allowed it to go on for too long.
[19:33] Suze: So you are the one who's going to have to change.
[19:36] Suze: You are the one who's going to have to make
[19:39] Suze: a decision. Why are you still in a relationship with
[19:42] Suze: this man?
[19:43] Suze: Would you do it again if you could, and you
[19:47] Suze: have to have a serious talk with yourself because I
[19:51] Suze: can tell you when somebody writes me a letter like this,
[19:56] Suze: this is a precursor for somebody not wanting to be
[19:59] Suze: in that relationship anymore. I'm just telling you...
[20:02] KT: I told Suze divorce, divorce, right, simple one word answer divorce.
[20:07] Suze: So you have to get courage.
[20:10] Suze: You have to have a talk with him and you
[20:12] Suze: have to lay the financial law down to him. He
[20:15] Suze: either accepts it or let him go live on his
[20:18] Suze: own for a while at $80,000 a year before take
[20:21] Suze: home and see how well he does.
[20:24] Suze: Oh, go on, KT.
[20:25] KT: So Suze, I like this one.
[20:27] Suze: I hope you like it better, KT. These have been interesting,
[20:31] KT: But this is, this is Dolores. I like Dolores. Dolores
[20:34] KT: is a new, new investor, and she said, Hi, Suze
[20:38] KT: and KT. Hope you're both doing well. I'm super new
[20:41] KT: to the world of money.
[20:43] KT: Saving, it's exciting to learn all these cool things about
[20:47] KT: how to make money grow. My best friend introduced me
[20:51] KT: to your podcast, and I'm obsessed in a good way.
[20:55] KT: And now I have so many questions. I like Dolores
[20:59] KT: a lot. I'll start with this one.
[21:02] KT: Just for fun, I started to do Acorns a couple
[21:05] KT: of years ago, and like most things with money, I
[21:08] KT: do not have a clue as to what I'm doing
[21:12] KT: now that I'm confident to just learn. I'm worried. I
[21:16] KT: have been putting my wee bit of money into something
[21:19] KT: that is no way legit. Is Acorns an OK thing
[21:23] KT: to do, Suze? Should I try to get my money
[21:26] KT: out and start anew?
[21:29] KT: That's from Dolores. She's a poet and an investor.
[21:33] Suze: So listen to me, little squirrel, you. Right, which is,
[21:38] Suze: which is this I don't like acorns. I have to
[21:42] Suze: tell you I don't. And because your wee bit of money,
[21:45] Suze: do you know every time you put, let's just say
[21:49] Suze: $10 in, whatever... they're charging you like a 4.5% fee
[21:53] Suze: to do so.
[21:55] Suze: Really? So if you keep putting in money, a whole
[22:00] Suze: lot of it, at least 4%, is going to them.
[22:04] Suze: So no, if I were you, they're legit, but they're
[22:08] Suze: not smart. They're just not in the long run unless
[22:12] Suze: you're putting a whole lot of money in every single month.
[22:17] Suze: If I were you, I would absolutely take my money out.
[22:20] Suze: And given that you're probably working, I would start a
[22:23] Suze: Roth IRA with that money.
[22:28] Suze: And I would start to invest it. Now, you can
[22:32] Suze: invest it in many things, but you should choose an
[22:35] Suze: ETF that you like and dollar cost average every month
[22:40] Suze: into that, just that simple. You would be buying slices.
[22:46] Suze: And so you can choose from many. You've listened to
[22:48] Suze: me now, and I've named quite a few for you,
[22:52] Suze: and that's what I would be doing. But I'm so
[22:55] Suze: glad you are obsessed in a good way. How old
[22:59] Suze: do you think she is, KT?
[23:02] KT: A little squirrel like that, maybe 25.
[23:06] Suze: Maybe, right.
[23:07] KT: Yeah, Dolores, write to me. Tell me how old you are.
[23:09] Suze: Oh God. All right, here we go.
[23:11] KT: All right. So Suze, this next question is somewhat close
[23:14] KT: to home. You'll know when, when I read it to you,
[23:16] KT: you'll understand why. I purchased your must-have documents quite a
[23:20] KT: few years ago, and I've completed them and had them notarized.
[23:24] KT: Since they've been revised and re-notarized once. I shared them
[23:29] KT: with my two sisters who still have not completed theirs.
[23:33] KT: My 84 year old sister who has no children has
[23:39] KT: been hospitalized because she began experiencing psychotic episodes. She is
[23:44] KT: lucid in between. What would you suggest would be the
[23:48] KT: most important documents to complete so that my other sister
[23:53] KT: and I can put her affairs in order?
[23:55] KT: I'm not sure what to do. We all live in
[23:59] KT: different states. We had hoped that she could be placed
[24:02] KT: in a care home and receive medical and mental health
[24:06] KT: care where her friends could come visit, but since then
[24:11] KT: things took a turn for the worse.
[24:13] KT: And they have indicated that she will likely be sent
[24:17] KT: away across the state to a state geri-psych hospital. I
[24:22] KT: imagine this will be a terrible experience for her. And
[24:26] KT: then she said, Suze, your podcasts were so helpful to
[24:29] KT: me when I was preparing for retirement.
[24:32] KT: And I actually got prepared, but no such luck with
[24:35] KT: my sisters. They state she knows that she made mistakes
[24:39] KT: and she feels bad, but we just need to move
[24:42] KT: on from here. Your advice would be very much appreciated.
[24:47] Suze: So, let me keep this one, KT cause I will
[24:50] Suze: answer this person back directly. So if you're listening to this,
[24:54] Suze: please know you will be getting an email from me
[24:57] Suze: with absolute instructions of what I think you should do.
[25:01] Suze: But the main thing that I want to say here
[25:04] Suze: is that in order to create the must-have documents, which
[25:11] Suze: I all want you to have a will, a living
[25:13] Suze: revocable trust, an advanced directive, durable power of attorney for healthcare,
[25:17] Suze: and a durable power of attorney for your finances, you
[25:20] Suze: have to be in your right mind.
[25:24] Suze: You cannot go in and out and be losing it
[25:28] Suze: and have Alzheimer's or whatever it may be because they
[25:32] Suze: won't hold up. So it is very important that if
[25:36] Suze: you have the must-have documents or you go to a lawyer,
[25:39] Suze: you do whatever that you sign them, you make sure
[25:43] Suze: that they are valid because when something like this happens,
[25:48] Suze: I'm afraid there's nothing that this person can do.
[25:53] Suze: Because it seems like her sister is really not with
[25:57] Suze: it anymore at all, so my advice to her will
[26:02] Suze: be she needs an elder care lawyer. She needs to
[26:05] Suze: go with the lawyer to see her sister. The lawyer
[26:09] Suze: has to believe that the sister knows what she is signing.
[26:14] Suze: And I'm not sure that will be able to happen
[26:16] Suze: at this point in time. What I wished she had
[26:21] Suze: had was a durable power of attorney for healthcare and
[26:25] Suze: an advanced directive for healthcare so that she could make
[26:30] Suze: the decisions for her sister.
[26:33] Suze: And she could have decided where she wanted her sister
[26:37] Suze: to go, not automatically sent off to some psych hospital,
[26:42] Suze: you know, in whatever state there is, because they don't
[26:45] Suze: know what else to do with her and nobody has
[26:47] Suze: the power to do anything, so they're able to make
[26:51] Suze: the decision.
[26:53] Suze: So, do you understand why these must-have documents are so important?
[26:58] Suze: And I just have to say this, do you all
[27:01] Suze: understand as well?
[27:03] Suze: That once you are older than 18, or if you
[27:07] Suze: have a child who is older than 18, you no
[27:12] Suze: longer have legal authority over what to do with their
[27:16] Suze: medical situation.
[27:19] Suze: So, you would think, well, this is my sister. I
[27:23] Suze: can dictate where she's going to go and what she's
[27:25] Suze: going to do. She doesn't have the legal authority to
[27:27] Suze: do so because her sister's over 18.
[27:31] Suze: So if you have younger children, that's a different story,
[27:35] Suze: but once they turn 18, you have a 30-year-old son,
[27:38] Suze: a 40-year-old daughter in a car accident, you can't make
[27:43] Suze: any medical decisions about them at all. And if you
[27:46] Suze: think you can, you are making one of the biggest
[27:50] Suze: mistakes out there. That's why for over 30 years now.
[27:55] Suze: I have been saying to you, you have to get
[27:58] Suze: the must-have documents, so I ask all of you to
[28:02] Suze: go to must-havedocs.com and check them out, seriously, good in
[28:09] Suze: all 50 states, $2500 worth of state of the art
[28:12] Suze: documents for $153 that you can share with all your
[28:16] Suze: family members use over and over again, whatever it may be.
[28:21] Suze: If you don't. and something happens like this, there's really
[28:27] Suze: not much that I can tell you to do to
[28:30] Suze: help you. All right, KT, well, that was a very
[28:34] Suze: uplifting podcast.
[28:35] KT: I'll try to find happier ones next time.
[28:38] Suze: Can you do me a favor?
[28:39] KT: I'll find some happy ones. I'll throw some happies in there.
[28:42] Suze: All right, so we're still away for a while here, but.
[28:47] Suze: But until we do come back, we will make sure
[28:50] Suze: that every single Sunday you have a podcast that you've
[28:53] Suze: never heard before. But until then, there's only one thing
[28:56] Suze: that we want you to remember when it comes to
[28:58] Suze: your money. And what is it, KT?
[29:00] KT: People first.
[29:01] Suze: That means you.
[29:02] KT: Then money. Then Things.
[29:05] Suze: You got it, girlfriend.
[29:07] KT: Stay safe, everyone.
[29:08] Suze: All right, bye bye.

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