After you get engaged, the first thing you’ll probably do is share the news with your family and friends and update your status on Facebook. After that, your thoughts will turn to setting a date, planning the wedding, and checking out honeymoon destinations. But there are other things to think about as well.
While couples should have serious discussions about finances prior to the big day, they also need to be aware of how their property will be treated from a legal ownership standpoint once they tie the knot. Couples need to understand how states view property ownership – not only in the case of divorce, but also for individual liability purposes in the event that one of the spouses gets sued by a third party.