Is there a book giving seniors about to be married advice on how to handle their separate money in a way that?

is fair to both parties, what each should pay, what should come out of a common fund, etc. When we were young and did not have a pot to pee in, this sort of thing was not a problem. But, in later life it can be a problem.Is there a book giving seniors about to be married advice on how to handle their separate money in a way that?
You could maybe get help from a financial planner. Good luck!


2nd answer-I've been thinking about this, and I think everything should be 50/50. Keep 2 separate accounts and put a certain amount from it into a joint account each month to cover the bills and mortgage, etc. If you're buying something for yourself, it should be from your separate account. It sounds harsh, but really the money you've made up until now, should be for your side of the family...You have children and grand-children, right?Is there a book giving seniors about to be married advice on how to handle their separate money in a way that?
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Don't forget your Pre-Nup Agreements -- especially at the Senior Stage of life! This is very important to keep both sides of the soon-to-be blended family happy -- and to make sure that if something unfortunate happens (like Divorce) that each party is able to leave the late in life marriage with the assets they had PRIOR to the marriage.
if you choose to get married then it should all be equal, if not don't get married
Go to a lawyer to handle this.
Yes, check out ';The Road to Wealth,'; by Suze Orman. You can find it at your local library. Her other books will also offer no-nonsense financial advise about wills and trusts, social security / medicare, and other topics for seniors. As for your situation, and Suze will agree, you need to cover the topic before saying ';I do.'; You will need to address who gets what in the event of either partner's death. A trust, not a will, is the way to go. The assets will automatically be transferred according to your wishes in a trust. In a will, there is the possibility of contesting the will which delays the time frame and racks up estate taxes and probate fees and all kinds of things for people to fight over. Seriously read her book(s) and have a long open and honest conversation together. Since most couples argue about money more than anything else, you must agree or compromise... and have things in writing. If you start out arguing about money the chances are a divorce is around the corner giving a whole new set of things to fight over.
Depending on each persons pensions and private monies, why not open a joint account and each of you put the same amount of money in for all household bills etc., and direct debits. If there is a big difference in the amount of money you each have, then this will need to dealt with carefully and with due thought to each others feelings. All the best in your future marriage

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