Divorce Attorney-Does your Future Partner have a good Credit Score?
Planning a wedding is one of the most exciting and, let’s face it, stressful times in our lives. There are so many questions that need to be asked – which caterer to hire, who to invite, what color palette to go with. The list goes on and on, but let’s put a few more questions on that list! It may seem like adding more stress to your life, but it is very important to talk over finances before getting married. In fact, research shows that fights over money increase the risk of divorce.
Here are some topics you should be sure to discuss before the big day:
- How will finances be taken care of in our household? Who will be in charge of paying bills? Will you each have separate bank accounts or will you share one? Do you and your fiancé have the same or similar financial goals? Do you agree on how much will you save each month, for emergencies, for retirement? Can you agree on a budget?
- What is your credit history and how much debt do you have? Debt is a huge issue these days. Does your partner have enormous student loans? Do you tend to live outside your means, using credit cards to buy what you want? Does your partner only pay his or her minimum payments while you try to pay off debts as soon as possible?
- Read More
Your wedding day is the first day of the rest of your life together. Learning to talk about money and financial expectations is one way to make a smooth transition from single life to married life. A prenuptial agreement is another. While a prenup is not right for everyone, having a prenuptial agreement that addresses important financial aspects can prevent future misunderstandings that can lead down the rocky road to divorce. Call our Brooklyn law office at (718) 259-4500 to arrange a private consultation and find out how we can help.