Create Financial Plans for Unmarried Couples
Think about what documents these people need to put in place to be sure that they have all the rights that they may want in various financial situations. --Barbara A. Comer, CFP
Create a financial plan for an unmarried couple as you would for two people going into business together, advises Comer. After all, the best business plans include spelled-out provisions and protections for nearly any situation that could crop up. “Think about what documents these people need to put in place to be sure that they have all the rights that they may want in various financial situations,” she says. “How do you want to handle dissolution? How do you want to handle assets? How do you want to handle investments, retirement plans and bank accounts?”
-Barbara A. Comer, CFP, principal of Comer & Greak Financial Consultants in New Haven, Conn., in Client Niche: Unmarried Couples
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