Planning Finances at Christmas

It’s engagement season! As you plan your big day, don’t forget to make plans for your future finances!

December is by far the most popular month for marriage proposals with Christmas Day being the most popular followed by Christmas Eve, Boxing Day and New Years Eve.  

Proposing over the festive period will allow you to celebrate with loved ones and go into the New Year full of love, excitement and hope for the future. As you start planning your special day you will need to not only consider the exciting and practical arrangements for the rings, ceremony and honeymoon, but how marriage or a civil partnership will affect you both financially in the long term.  Whilst we accept it’s not the most romantic conversation to have with your future spouse, it is important that during these early conversations you consider the need for a Pre-nuptial Agreement.  

There has been a significant rise in the number of couples who have decided to take this step to avoid any disagreements later.  You may wish to protect assets and business interests, including those that have been gifted or inherited, or you may wish to secure inheritance rights for children from a previous relationship.  These discussions can help you communicate your financial goals, spending habits, and attitudes about money which in the long run can help build a stronger foundation for a long-lasting relationship.