Have your husband show you all the account statements, and write out a list of your assets. If necessary, go to your bank and brokerage to be sure you can access every account. For those of you blessed with healthy spouses, the above suggestions should also be taken to heart. It is almost always sensible for both spouses to be fully informed about their finances. Don t wait for an illness before you discuss issues in death or disability of one spouse.
Early planning can avoid legal troubles, reduce stress, and save money.
T his column answers a specific legal question offered by an individual in the South Texas area. The answer may or may not match your individual situation. Be careful not to treat this column as specific legal advice that meets your individual needs. It may give you a solid basis for discussion with your own attorney. Also, please be aware that laws change.