Congratulations on getting married! As you prepare for this next exciting chapter in your life, I want to make sure that you consider talking very openly with your partner about finances. Please find below a few initial nudges others found helpful.
Why talk about finances when getting married?
Couples that are open, transparent and aligned on their finances tend to have longer and happier marriages. Thus, understanding each other’s financial history, habits, fears and aspirations will be helpful in forming trust and aligned approaches. Also, marriage provided certain legal risks and opportunities to be aware of, including for example:
What are the key financial considerations when getting married?
Ideally, couples should have open and honest conversations regarding every aspect of finances including your individual short- and long-term financial goals. The more candid you are with each other, and the more comprehensive you are about the financial topics you discuss together, the more likely you will get yourselves on solid financial footing as a couple — consider discussing the following:
Please do not hesitate to contact me in case of further questions. Also, you may want to discuss details with tax and legal advisors.
The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation.
Congratulations on getting married!
January 12, 2024|