The implications of your marriage agreement on your finances

The nature of your permanent relationship or marriage agreement has financial and tax consequences which you may or may not be aware of. You should definitely take into consideration these consequences when developing your financial plan with your partner. The legal obligations of your marriage contract can have an effect on your estate structuring, various tax obligations, , maintenance obligation, spousal support, debt, as well as the division of assets should your relationship come to an end through divorce, or sadly, death. Therefore, it is very important to fully understand the financial implications of how you are married or how your long-term partnership is structured.

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Teaching your child to save from a young age can set them up for a great financial future. Saving money is a difficult task to learn, some adults have yet to master it. This means that teaching your children how to save is of great importance.

Here are some simple tips on how to teach your children how to save for their futures.

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