Developing Your Matrimonial Plan
For richer for poorer — it is a promise you make on your wedding day. Developing your plan for the future can be exciting when done together. If you are marrying for the first time, or remarrying, a strong financial plan will help establish opportunities for a long-lasting marriage.The "business" of marriage includes the everyday details of merging two paychecks (if both spouses are employed), two sets of assets, two styles of financial management, two attitudes about what money really means and expectations about money’s impact on your future. The key is for you and your future spouse to communicate and mutually agree on finances before marriage. This article highlights many of the financial and related legal issues you will encounter when you begin to blend your lives together in a new relationship. It provides basic solutions to concrete problems and suggests additional resources you may want to consult. Specific state laws and your unique circumstances will determine how you use this information. You should consult your attorney, financial planning professional, tax accountant or other professionals when you make legal and financial decisions.