TIP: Make sure both of you have access to all financial records and that you update them regularly.Being a partner in a marriage is like being a partner in a business. You must keep good records. No matter where you are in a marriage - just starting out, celebrating decades of anniversaries or considering divorce, you need to know what you as a couple have, what you owe and where to find documentation if you really want to achieve equality.
Managing marriage requires both partners to know and understand logistical information. Organize and update essential financial, legal and health information about your marriage and your family. Maintaining good files will save you lots of frustration and time when someone asks you for a birth certificate or a credit card record and may also save you lots of money.
Checklist
Financial information: money and marriage
- Bank statements and cancelled checks
- Bank Certificates of Deposit
- Brokerage account statements
- Credit card accounts
- Loan documents and statement
- Mortgage applications and repayment records
- Pay stubs for the last six months for you and your spouse
- Tax filings and refunds
- Business Financial Statements
- Employee benefit records including stock options and bonuses
- Statements of all retirement accounts
- Royalty statements and advances
- Debts
- Business Partnerships
Legal Documents
- Birth certificates
- Marriage Certificate
- Passports
- Social Security
- Wills and trust documents
- Pre- and post-marital agreements
- Previous divorce settlements
- Any pending legal actions
- Records of inheritance
Property
- Titles
- Mortgage agreements and payment records
- Original purchase documents
- Appraisals
- List of collectibles, jewelry, artwork, other valuables (include photos for identification or insurance)
- Vehicle registrations
- Insurance policies
Health
- Medical Records
- Dental Records
- Health, life and disability insurance
- Medical Expenses
- Records of prescriptions for drugs and eyeglasses
Expenses
- Household
- Education
- Childcare
- Children's After-School Activities
- Clothing
- Leisure activities and vacations
- Church and charitable donations
- Laundry and cleaning expenses
- Household help
- Transportation
Safety Deposit Box
- Information
- Extra key
Keep the originals or copies in a safe place in your home or office, in a safe-deposit box or with a trusted family member.
