Download
HTML Embed
HTML EMBED
Click to Copy

Latest Episodes

Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Tech
Download
HTML Embed
HTML EMBED
Click to Copy
Make Me Smart with Kai and Molly
Download
HTML Embed
HTML EMBED
Click to Copy
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
My Two Cents

The Personal Finances of Domestic Partners

Chris Farrell Oct 7, 2007
Share Now on:

Last Wednesday, we held at an educational seminar at Minnesota Public Radio for people who are in domestic partner relationships. The auditorium was full. The audience and their questions terrific. And the panel was truly engaged. The panelists were Ruth Hayden, a financial consultant and educator, Ross Levin, founding Principal of Accredited Investors, Inc, and Ann Viitala, an attorney in private practice and editor and a contributing author of “Estate Planning for Non-Traditional Families Deskbook”. I moderated the session.

If you are interested, you can listen to the seminar at here.

There are a lot of personal finance issues for unmarried couples considering our system of managing and inheriting assets and money is really desgned around married couples. Among the topics we covered:

Planning as a process to strengthen relationships

The basics, from creating a will to beneficiaries of retirement accounts

Prenups and postnups for domestic partners who have the option of getting married; domestic partner agreements for people who are prohibited from marriage, or who choose to not marry

Health care issues and the need for health care directives

Negotiating fair financial agreements while in love – rather then after

Revocable trusts as a planning tool to care for loved ones and beyond

How to own a home together

Estate planning issues, from gifts to death

If you’re a member of your local public radio station, we thank you — because your support helps those stations keep programs like Marketplace on the air.  But for Marketplace to continue to grow, we need additional investment from those who care most about what we do: superfans like you.

Your donation — as little as $5 — helps us create more content that matters to you and your community, and to reach more people where they are – whether that’s radio, podcasts or online.

When you contribute directly to Marketplace, you become a partner in that mission: someone who understands that when we all get smarter, everybody wins.