Tool I Getting married? Understand what it means for your money

Getting married brings your financial lives together in new ways. It creates a legal and financial partnership, so it’s important to understand what you’re both agreeing to and make informed decisions together.

Your marital regime affects what each of you owns, how debt is managed and what may happen to your finances if your circumstances change. It’s also a good time to review your wills, beneficiary nominations, insurance policies and other important financial documents.

Bringing everything together gives you a clear picture of your shared financial life.

Use Wealthbit’s Getting Married tool to understand your finances as a couple and complete the important financial admin.

The tool gives you a clear view of:

• What your marital regime means for your money
• What belongs to you and what belongs to your partner
• Who is responsible for existing and future debt
• What your combined income, debt and net worth look like
• How your finances could be affected if one income disappeared
• Which wills, beneficiary nominations and insurance policies need attention
• What may need to happen financially if you ever separate

This tool forms part of Wealthbit’s Financial Freedom Programme®.

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Shared financial snapshot tool: Get an overview of your finances as a couple