Discuss These 12 Issues With Your Partner Before Marriage
It’s easy to be swept along on the crest of rose-petal littered wave in the heady days of an early romance, and that’s wonderful. You should enjoy every minute. But when the engagement ring comes along, make sure you and your partner take a step back from the excitement and have a careful overview of your current financial and legal situation. After all, underneath the cake, flowers and wedding attire, a marriage is a potentially life-long financial contract which you should go into with your eyes open and a clear plan in place which you both agree upon.
Getting on the same page about money is the cornerstone of a healthy, happy and supportive marriage. Whether you decided to get a prenuptial agreement or not, the conversation surrounding that choice is a chance to lay out all the cards on the table and get, proverbially, financially naked.
There are numerous situations when you should consider a prenup, especially if someone has:
- children from a previous marriage
- a successful business
- a sizable inheritance
- an impressive personal net worth
- unpaid debts
- a bad credit rating
For example, you will need to ask each other questions such as, are you burdened by credit card debts or lingering student loans? What is your credit rating? What property and assets do you own and what are you expecting to inherit? Now is the time, before the vows are spoken, to get real with your partner about your respective financial situations and make sure you share similar values about your goals and spending decisions.
Of course, during a lifetime together, you’ll face adversities together and grow in different ways, but there are wonderful resources out there like the Stay Married blog to help you to stay together in sickness and in health.
So here is an outline of the divorce-proof financial checklist for you to go through together, and the top five pitfalls to avoid if you want to have open, calm and honest conversations.
Do you and your partner have a prenuptial agreement? What advice would you give to couples who are looking to get married?