Helpful article from the Associated Press:
Newlyweds and couples moving toward marriage, take note. Love, as it turns out, is not all you need.
Not if your goal is to avoid the No. 1 reason marriages end in divorce: Money problems.
Everyone knows, or should know, this. But love and a reluctance to take a hard look at our own financial habits, often keep us from seeing, much less confronting, potential financial troubles in a relationship.
Failing to do so, however, can lead to serious post-wedding day troubles.
"Mature, responsible conversations about money are a sign of a marriage that's going to be healthy and wonderful and enduring," says Brooke Salvini, a certified financial planner based in San Louis Obispo, Calif. "If you can’t talk about money when you are dating, that is a red flag right there."
This article leaves out the most important step couples-to-be need to take: drafting a financial protection agreement (i.e., a "pre-nup").
Antenuptial agreements are not just for the wealthy, and are especially not just for straight married couples.
About to enter into a committed relationship? Let Glenchrist help you with both financial counseling and marriage replication documents.