In this article, we discuss two factors that are important in this regard — spousal involvement in investment decisions and ownership of the investments. You should, therefore, involve your spouse in all the investment decisions you make for the family. This makes it less likely for a third party to scam your family out of the investments after your lifetime. At the very least, your spouse will know how much wealth the family has and where the investments are located. ConclusionA simple way for spousal involvement in family finances is to jointly hold the family wealth.

Source: The Hindu March 03, 2024 20:49 UTC