Financing Togetherness
Financial planners often encourage pre-stepfamily couples to get a "prenuptial agreement," but that feels like you're planning for a divorce. A much better way is something I call "A Shared Covenant Agreement" which helps stepfamily couples manage their daily expenses, discuss insurance and retirement, and do estate planning for their children and each other. It builds confidence in how money will be used in your complex family. Don't let money issues divide you; instead finance togetherness.
Show Notes
About the Guest
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Financial planners often encourage pre-stepfamily couples to get a "prenuptial agreement," but that feels like you're planning for a divorce. A much better way is something I call "A Shared Covenant Agreement" which helps stepfamily couples manage their daily expenses, discuss insurance and retirement, and do estate planning for their children and each other. It builds confidence in how money will be used in your complex family. Don't let money issues divide you; instead finance togetherness.
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Ron Deal
Ron L. Deal is one of the most widely read and viewed experts on blended families in the country. He is Director of FamilyLife Blended® for FamilyLife®, founder of Smart Stepfamilies™, and the author and Consulting Editor of the Smart Stepfamily Series of books including the bestselling Building Love Together in Blended Families: The 5 Love Languages® and Becoming Stepfamily Smart (with Dr. Gary Chapman), The Smart Stepfamily: 7 Steps to a Healthy Family, and ...more
A pre-nup. You want us to do a pre-nup?
Ron: A pre-nup. You want us to do a pre-nup?
Announcer: For FamilyLife Blended®, here’s Ron Deal.
Ron: No, actually I don’t. Financial planners often encourage pre-stepfamily couples to get a “prenuptial agreement,” but that just feels like you’re planning for a divorce and that anyone who wants one really isn’t committed to the marriage. Well, there is a much better way. Something I call a “Shared Covenant Agreement” helps stepfamily couples manage their daily expenses, discuss insurance and retirement and do estate planning for their children and each other.
Now get this, instead of planning for separateness, it finances togetherness and builds confidence in how money will be used in your complex family. Don’t let money issues divide you; instead finance togetherness. For FamilyLife Blended I’m Ron Deal.
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