What Changes Financially When You Get Remarried?

Mr. Stillman's Opus

Money plays a significant role in the health of a relationship and life events like marriage and remarriage require us to have honest conversations about finances when we take these steps in life.

In this episode, we’re going to spend time discussing the items that need attention when you get remarried. There are some common themes and considerations as your first marriage, but things like combining finances and joint accounts will inevitably be more difficult when it’s the second marriage because you’re further along in life and more established financially.

Combining households can be a challenge when you get married again for the second time so we have to communicate quite a bit and make sure we find a process that works for both parties.

Here are some of the things you’ll learn in this episode:

• It’s more common to keep finances separate, at least early on. (2:09)
• How you manage a blended family. (3:42)
• Changes you need to make to beneficiaries and insurance. (7:40)
• Handling inheritances can get tricky. (9:54)
• What do you do about having multiple financial advisors? (12:13)

Connect with us:

Web: https://rosewoodwealthmanagement.com/

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