Married couples typically commingle their assets, while also making joint purchases. From your family home to your vehicles, from your bank accounts to your retirement accounts, sharing is common.
The importance of wills and what happens to an estate
When a person passes away, it is the responsibility of the loved ones left behind to decide what happens to that person's estate, possessions and money. They also have to make decisions regarding the funeral. When a person has an estate plan, it typically outlines his or her wishes regarding these things. When there are no plans, it can cause significant complications. Wills, trusts and other planning tools can significantly benefit a Virginia family.
Getting married and worried about money, divorce? Get a prenup
When deciding on floral arrangements and reception locations, soon-to-be married couples often forget to ask themselves a very important question -- what if things do not work out? While it might strike some as a distinctly unromantic thought, it is an important consideration. As many as half of all marriages end in divorce, so wanting to protect personal interests is not just understandable, it is smart. This can usually be accomplished with a prenuptial agreement.
