Love is even lovelier the second time around, and solid financial planning is even more important if you plan to remarry. This time, it’s likely that both of you have accumulated more assets, possibly more debt, and more responsibilities than before your first marriage.
Money Zone: Remarriage
Getting married again could be more complicated than the previous time around. You and your new spouse might each bring children, assets and debts along with you. Regardless of how you plan to manage your financial affairs as a couple, you should both be frank with each other before you get married, so you each understand the full extent of your assets and obligations. We suggest you exchange credit reports (really!) before you exchange your vows – and follow our step-by-step guide.
Before you tie the knot again, take steps to make sure you’ve finished with old business, set up your new arrangements, and made agreements to handle your financial lives together.