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First comes love, then comes marriage, then comes…a joint bank account? While that’s not how the original saying goes, that’s what happens in a large number of marriages. My husband and I chose to combine our bank accounts and assets when we tied the knot – it just seemed like the logical thing to do. Admittedly, it was a mildly (very) scary moment. It seemed like there was no turning back once our money was lumped together. We both gave a little shrug, a nervous smile, and pulled the trigger. (Ok, it wasn’t that easy. There were many phone calls and papers to sign at different banks, and then it was done.) And it has absolutely worked for us.
I am no accountant, and everyone has to do what makes the most sense for their financial situation, but here are some reasons that combining assets is definitely the way to go.
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