Now that I have your attention, did you know there is actually a benefit to killing your spouse? Now of course I am speaking hypothetically but have you tried it? From a financial planning perspective it is wise to know what would happen to your life (financially) if you or your spouse ever died or suffered a disability. So take a moment and think about what life would be like if you, your spouse or both were no longer around.
Ask yourself the following:
Who is the first person you would call?
Can you make it without the other person financially?
Where is the money going to come from?
Do you know where your will or powers of attorneys are located?
Are you co-owners of everything or something titled in one name only?
Do you have life and disability insurance and where are the policies located?
Who is listed as the beneficiary on insurance and retirement accounts?
Will you be able to keep your current house or will you have to move?
What will happen to your children? Who will be the legal guardian?
Will you quit your job or have to keep working?
How will you access that separate bank account?
By now I hope you are getting the picture. When you got married sure it was till death do us part, unfortunately sometimes the unexpected happens a lot sooner than you imagined. It is only by being prepared ahead of time will you truly know if you will be able to weather the storm. If you don’t know the answers to the questions above then perhaps you are not as prepared as you might think. So take the time to kill one another . . . you’ll be thankful you did.