How does marriage affect your legal and financial status?

Depending on your jurisdiction, courts may consider property acquired before marriage to be separate. However, if you purchase property together, each partner has equal interest in the property title.

How does getting married affect your estate plan?

Getting married has several legal impacts on your estate plans, including changes to the way you fill out government forms, resolve family issues, and make healthcare decisions. Prior to walking down the aisle, you and your future spouse must apply for a marriage license (also known as a marriage permit).

Why are married couples still fighting over money?

It is nothing new that disagreements over finances are one of the main reasons couples end up in divorce court. Financial advice is readily available, but married couples are still fighting over money. Why? For a variety of reasons, couples appear not to want to hear financial advice. Here is financial advice that married couples often ignore.

Who is the best financial therapist for married couples?

Erika Rasure, Ph.D., is an Assistant Professor of Business and Finance at Maryville University. She is an expert in personal financial planning and practices as a financial therapist. Personal disagreements over financial decision-making are among the main reasons that married couples end up in divorce court.

Depending on your jurisdiction, courts may consider property acquired before marriage to be separate. However, if you purchase property together, each partner has equal interest in the property title.

What happens if a spouse defaults on a mortgage?

In some instances, the spouse relinquishing interest in the home might still be liable if the spouse keeping the property defaults on the mortgage or makes late payments. This could damage the non-owning spouse’s credit even though that spouse has no interest in the property.

Getting married has several legal impacts on your estate plans, including changes to the way you fill out government forms, resolve family issues, and make healthcare decisions. Prior to walking down the aisle, you and your future spouse must apply for a marriage license (also known as a marriage permit).

It is nothing new that disagreements over finances are one of the main reasons couples end up in divorce court. Financial advice is readily available, but married couples are still fighting over money. Why? For a variety of reasons, couples appear not to want to hear financial advice. Here is financial advice that married couples often ignore.