Wedding Day (Photo credit: Fikra ) Before taking the plunge, it is good to get some solid and financial-based marriage advice. The engagement ring is only the first of many big expenses. When considering money management just before and after marriage, there are some basic questions that you may want to ask: Is a prenuptial agreement necessary? Legally speaking, your combined liabilities and assets will be split right down the middle because of marriage. Everything gets shared. Sometimes, it is very necessary to have a prenuptial agreement especially if the liabilities or assets of the married man or woman will greatly exceed that of his or her spouse. To make a decision that is right for the both of you, consult with a financial planner who is familiar with the marriage laws in your state. Is opening a joint bank account a good idea? Opening a joint bank account can make paying bills a lot simpler because all your money in essence will be merged together. This is true particularl...
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