March is Women’s History Month! Women have long played a crucial role in financial and estate planning, ensuring that wealth and values are passed down. Here are three key estate planning lessons inspired by powerful women in history:
Madam C.J. Walker – Protect Your Business Legacy
Madam C.J. Walker was the first self-made female millionaire in the U.S., building a haircare empire that empowered Black women and provided economic opportunities during a time of extreme racial and gender barriers.Walker didn’t just build a successful business—she made sure it would continue long after she was gone. She established a clear succession plan and structured her estate so that her company could keep operating without financial disruption. If you own a business, having a trust or business succession plan ensures that your hard work doesn’t disappear when you pass.
Eleanor Roosevelt – Leave a Legacy of Advocacy
Eleanor Roosevelt was the longest-serving First Lady of the United States, a diplomat, and a human rights activist who helped draft the Universal Declaration of Human Rights after World War II. She dedicated her life to advocating for civil rights, women’s rights, and humanitarian causes.Roosevelt’s advocacy reminds us that estate planning isn’t just about passing down assets; it’s also about leaving a philanthropic and social legacy. You can include charitable giving in your estate plan through donor-advised funds, charitable trusts, or foundations that support causes you’re passionate about. A well-structured plan ensures that your influence continues long after you’re gone.
Oprah Winfrey – The Power of a Trust
We all know Oprah! Oprah Winfrey, a billionaire media mogul, philanthropist, and television host, has built one of the most influential brands in media history. Despite coming from humble beginnings, she amassed an incredible fortune through smart business decisions, brand-building, and financial planning.Oprah has publicly shared that she structured her estate through trusts to ensure that her legacy is protected and distributed according to her wishes. Without trusts, high-net-worth individuals risk probate court battles, excessive taxation, and loss of control over their estate. Even if you’re not a billionaire, a revocable living trust can help your assets bypass probate and ensure your loved ones receive their inheritance with less hassle.Â
Take The Next Step
Ready to check estate planning off your to do list? Start by booking a Peace of Mind Planning Session. We’ll answer your questions, explain your options, and share our unique flat fees and process. The session is normally $450; mention this blog post and we’ll waive the fee!Â