Women and Finance Series - Part 3 - Cohabitation, Joint Assets, and Financial Benefit

Women and Finance Series - Part 3 - Cohabitation, Joint Assets, and Financial Benefit

Coyle Financial Counsel Partner's Heather Coulter sat down with Steve Savant to discuss a wide range of topics with regard to women and finance. Here is Part 3.

Steve shared the following about this third part:

The top two reasons couples get divorced or split up is a lack of communication and/or arguing about finances. Heather shares a bit of her own personal story of divorce and later splitting up after a time of co-habitation. Because of Heather's experiences, many women feel that she can sympathize, understand and identify, what they're going through. And much of the financial advice Heather gives has an empathic quality to it because of her own painful experiences.

For most women, remarriage takes on a whole new approach, especially when it comes to money. First things first: drawing up a prenuptial agreement. Second, having joint and separate bank accounts and credit cards. Third, defining ownership of personal property and proper titling of the home. Remarriage generally comes with children. Blended families need to take particular care with ownership issues, wills and estate planning, so their own children are not disinherited.

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