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Reply to "For married couples with children that split the bills 50/50..."
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[quote=Anonymous]Eh. I don't think it matters one way or the other, so long as both partners agree and there is enough transparency for major family expenses. I think it is totally fine to split even though it sounds like a pain to me. I do hope that couples with the separate accounts actually have all the accounts set up as JTWROS, even if one or the other "owns" them separately. It would suck to have to wait for probate to access the deceased spouse's balances at such an uncertain time. You should also maintain at least one separate credit card to be safe. Morbid, I know. FYI. We are completely combined in our finances. We married late, each had individual properties owned prior to marriage, HHI above $375K. I make significantly more than DH but he has far more inherited wealth. We do have some separate credit cards and retirements, obviously.[/quote]
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