Legal & Money

When it Comes to Marriage: My Mortgage or Yours?

We all get hitched one day and hopefully it will be the happiest days of your lives. Whether it is the full white wedding or a small exclusive wedding at the end of the day it is all the same thing and the most important thing is that you are getting married to the most beautiful and the most important person in the world. A lot of preparation and hard work will go into that wedding and once the honeymoon is over then hopefully the real fun starts.

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Common Law Marriage: Are You In One? Can You Get One? What Is It?

Just about everybody has heard the term “common law marriage.” But not everybody really understands what the term means. There are a lot of misconceptions swirling around this term. On the surface it looks easy to understand but when it comes to genuinely understanding the legalities and practical nature of a common law marriage, things get a little bit more complicated.

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Dealing With Marriage and Finances

Among the many problems that are being faced by newly wed couples (and even long-term married couples) is financial management. Difficulties in adjusting to married life, coupled with the pressures of maintaining a stable financial capacity, are the biggest source of arguments and stress in a marriage that eventually lead to divorce and domestic violence. Whenever one of the parties thinks that he or she is not earning enough or is being dominated by the other when it comes to their contribution to their finances, this is when the problem starts. When this happens, or better yet before it even happens, it is the responsibility of both partners to settle their financial issues as a unified entity.

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Working Your Way Around Marriage and Finances

One of the most common problems faced by newly married couples is financial management. More often than not, newly weds have a hard time managing their household finances. It is safe to say that financial management is the biggest source of arguments and stress in a marriage, not to mention one of the top five reasons for divorces.

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Tips When Getting a Mortgage before Marriage

Engaged couples rush into buying a home before they finally tie the knot. They often have to give up their own apartments in favor of living together. True to their vows, they want to start a family under one roof. It will be the start of their life together, so they want to begin it in a fresh new place and, together, they will decorate it according to their family plans. However, the idea of getting into a huge financial responsibility may not be attractive to all. It may sound like a happily-ever-after life, but for your partner it may appear to be a trap by lenders. Unless you pay for it in cash, you have to consult your partner before surprising them with the new house.

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Marital Property after the Marriage

When you enter into a marriage, you enter into an agreement that what is hers is yours and what is yours is hers. There are some things that will always be his and always be hers even after a marriage. When a couple joints together their belongings, some things may be excluded from the partnership.

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How to Budget a Wedding

Budgeting a wedding can be a bride and grooms worst nightmare, but it does not have to be that way if you follow a few guidelines. Before you start any wedding planning or budgeting, you have to know how to budget the wedding and talk to the parents on each side. They will have some input because they may be helping financially.

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How Getting Married Affects Your Credit

When you fall in love and pop the question, the last thing on your mind is how getting married affects your credit. Unfortunately, for many couples, this can be a life-changing crisis. If you marry without knowing what each other’s credit history is like, you could be in for some upsets.

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Wedding on a Shoestring Budget

Wedding expenses are soaring through the roof. Advertisers might have you believe that you must spend tens of thousands of dollars to have your dream wedding. I say it is not necessary. You can have a beautiful and meaningful ceremony on a shoestring budget.

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What’s Wedding Insurance and Do You need It?

What wedding insurance is, is just what it sounds like–a policy that will protect you from any type of misfortune or mishap that may occur. More brides and grooms are purchasing a wedding insurance policy and they are fairly inexpensive to buy. A policy can cost anywhere from $100 to $500 and can give you or the person paying for the wedding and reception peace of mind should any emergency situation arise.

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Divorce and Selling the House

There is one asset that is common in thousands of divorces: the marital home. The marital home is frequently the largest asset a couple owns. Many times, the marital home is the one and only asset a couple owns. And as the major or sole marital asset, special attention should be devoted to this issue during a divorce.

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Financial Planning Before the Wedding

When you are thinking about getting married, it is also time to think about your financial plans. When you plan your wedding, you spend a lot of time deciding what you want in personalized wedding favors, wedding accessories, bridesmaid and groomsmen gifts, bridal apparel and even the honeymoon, but haven’t yet planned for the day to day finances after the marriage.

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