Financial Planning for Married Couples
So you have just tied the knot, or maybe you are just about to. Congratulations! Getting married is an important milestone for many people, and with it comes a whole new dimension to what you need to do when it comes to money.
But having a piece of paper to say that you are ‘legally married’ is not all that financially different to being in a de-facto relationship or a long term same-sex relationship. Being able to emotionally and financially support a partner with a shared value, goal and purpose is essential when it comes to making the finances work in any relationship.
Couples often enjoy double incomes – giving you the ability to save for a house, perhaps plan a trip overseas, consider if a family is something that you want to do. Plenty of good things, and times, to be had.
That is of course after you have paid off the cost of the actual wedding, which can set even the best planned couple back. But hopefully you only do it once hey…
Looking after each other might mean reviewing your Will, updating your death benefit nominations in super, opening a joint bank account or investment, taking out ‘couple’ health insurance, securing each others’ salaries through income protection insurance etc.
The GNS Group team would love to work with you and your partner to help you get the basics right, and then we can also move onto some of the fun stuff of planning your next stage of life – whatever that may look like. We’re not an old school stuffy accounting practice, and some of our team are in the exact same boat as you – so who better to answer your queries than someone you can relate to.
We’ve put our collective heads together and are happy to share some of our ideas on how you both can get ahead of others and some key topics for you to consider. But the real advantage that the clients of GNS Group receive is the ready access to our team to bounce ideas off and to allow us to understand what things are important to you.
Check out the information we’ve got here initially, but what we would really like to do is make a time for us to catch up either face to face, digitally or even over the phone so that we can work together, achieve your joint goals and get you off to a healthy financial future.
At GNS Group, we help build your wealth and protect your lifestyle.