How marriage can transform your finances — for better or worse

What getting married means for your long-term finances

Just married.
(Image credit: iStock)

Couples are counseled to have frank discussions about spending habits and other financial values before they say "I do." This is solid advice. Few things will create more marital strife than one person spending freely while another wants to save. But it's not just about relationship harmony. The financial stakes are high. Marriage comes with serious legal obligations.

People often get married before they've accumulated any significant assets, when they're earning entry-level salaries. And young couples in love understandably don't want to think about the possibility of divorce. But your financial future is tied to your spouse's from the moment the officiant announces you've wed. Take a clear-eyed look at what will happen to your income and assets over the course of a marriage — especially if that marriage ends. You should consult a family lawyer well before the wedding to understand your particular situation. But below are a few basics to think about:

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Amanda Gladin-Kramer

Amanda Gladin-Kramer is an attorney and writer living in Durham, North Carolina. She attended Tufts University, University College London, and the University of North Carolina. Her writing interests include legal issues, travel, health, and personal finance.