Many people move in together before they get married and start combining their income and expenses.
Some couples will even buy a home, pets or other items together.
This could all end badly if there is a break up in the relationship.
Ingram discussed a number of things couples in this position can do, such as:
Estate duty/Donations tax planning
- Separate investment/bank accounts
For more detail listen to the interview in the audio below (and/or scroll down for quotes from it).
A lot of people say you have to test drive the car before you buy it.— Warren Ingram, Galileo Capital Financial Advisor
If you’re not married; you’re liable for donations tax if you leave it to the other party.— Warren Ingram, Galileo Capital Financial Advisor
I always counsel against sharing a bank account.— Warren Ingram, Galileo Capital Financial Advisor
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
The Money Show’s Bruce Whitfield interviews newly appointed KPMG SA CEO Nhlamu Dlomu and IRBA CEO Bernard Agulhas.
The Money Show’s Bruce Whitfield interviews Liberty SA Retail Consumer Economist Tendani Mantshimuli.
The Money Show’s Bruce Whitfield interviews Pauli van Wyk, a journalist with Scorpio at Daily Maverick.
The Money Show’s Bruce Whitfield interviews Aurik Business Accelerator’s Pavlo Phitidis.
The Money Show’s Bruce Whitfield interviews Galileo Capital Personal Financial Advisor Warren Ingram.
Bruce Whitfield interviews Iskander to learn about her non-profit company that partners with South African employers.
The Money Show’s Bruce Whitfield interviews Sasfin CEO Roland Sassoon.
CEO of Sasfin Holdings Roland Sassoon confirmed that it has dropped KPMG as their auditing firm and put its audit up for tender.
Political analyst Prince Mashele says anyone who votes for the ANC is complicit in destroying South African society.
For over 20 years Prof Steven Burgess has researched the reasons why people live beyond their means.
Political analyst Karima Brown gives her take on the matter.
Counselling psychologist Nikole Seele says it is important to differentiate between healthy anxiety and debilitating anxiety.