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Money and Finances
Reply to "Getting married in our 40s. How should we combine finances?"
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[quote=Anonymous]Do you have kids from previous relationships? That obviously is a huge deal. You have to make sure your kids are protected (getting at least 50% of your estate and life insurance). You may want to get additional life insurance for your new partner. You also have to discuss how much of your income is going to support kids (e.g. college funds). The best approach is probably to just decide on joint expenses, and have a joint account for that, and keep the rest for yourself in your own account. Even if you have no kids from prior relationships, limiting your shared finances to joint expenses (mortgage, food, insurance, etc) is probably the best idea. [/quote]
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