10 Crucial Finance Topics to Discuss Before Marriage

10 Financial Conversations to Have With Fiance Before Getting Married

FAQs About Discussing Finances Before Marriage

What is financial intimacy? up-arrow

Financial intimacy is when you know everything about your partner's financial situation, are comfortable discussing each other's money, and do not need to hide any expenses.

Who has the ownership of a joint account after marriage? up-arrow

Each joint account owner has the full right to deposit, withdraw, and otherwise manage the funds. Even if some banks mark one partner as the primary account holder, it does not change the fact that both partners own everything together.

Who needs to pay the tax in a joint account? up-arrow

Both partners will need to pay taxes on their joint accounts. The amount due will depend on each of the accountholder's account shares. However, any partners can also choose to pay the entire tax on the joint account.