Remarrying? Here's how to prevent financial infidelity

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So you've met someone new and thinking of taking that next step and getting remarried. 

Before you walk down the aisle again, there are some financial issues you should probably discuss with your partner.

Ghosts of financial pasts

It's important to get out all the financial skeletons in your closet. Discuss all debts and income to prevent financial infidelity down the road. This will get the conversation started about how each spouse handles money. 

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Focusing on the future 

It's a wise move to think about protecting your pre-marital assets and, if possible, consult an attorney to discuss ways that you can safeguard your estate and assets in the event of a divorce.

Update your will

Not something many people think about, but it's important to update beneficiaries on any policies you may have.

Make sure your will reflects the changes in your life by reviewing and updating it. 

If you share children with your ex, it's also important to make sure you protect their inheritance.

"For instance, your ex-spouse could still have a claim on your children's inheritance, but with a proper estate plan, you can account for the cost of maintenance obligations and protect your children's inheritance through a Trust," CEO of Capital Legacy Alex Simeonides previously explained to News24. 

READ MORE | Update your will or you may as well still be married to your ex, and other surprising ways divorce can affect your legacy

Keep talking

Communication is key to having a good financial relationship with your spouse. 

Set aside monthly meetings to discuss finances, such as budgets, goals, bills, and setting targets for the next meeting.  

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