Wednesday, August 25, 2010

Give My Wife Financial Control

Your wife should handle financial responsibilities if she is better with numbers.








One of the major issues to address in any marriage is personal finance. You and your wife may still have separate bank accounts. You may have consolidated into a joint account. Either way, someone needs to make sure all the bills get paid and that you don't go broke as a couple. It is sometimes easier to let one person handle the financial responsibilities, so that person has all the information needed to manage the finances wisely. Giving financial control to your wife requires consensus and a few business management techniques.


Instructions


1. Talk with your wife to ensure that she wants to control the finances. If she doesn't want that kind of responsibility, you will need to make other arrangements.


2. Put the bank accounts in her name or keep them joined, but your wife should have full access in either case. This gives her the resources she needs to manage all of the finances effectively.


3. Call your utility companies and have the accounts switched over to your wife's name. This allows her to call them when needed, and representatives can discuss account details with her without a hassle.


4. Ask your wife to file your taxes. She can file a joint return or simply assist you in filing your own taxes.








5. Write a will giving your wife all of your assets in the event of your passing. An attorney can help you draft the will so it is less likely to be contested.

Tags: your wife, your wife, bank accounts, financial responsibilities, handle financial, handle financial responsibilities