What is the best way to handle finances when getting married later in life? Adriane Berg, founder of Generation Bold and author of Bottom Line’s Aging for Beginners blog, suggests that perhaps getting married is not the best option. From a financial perspective, you would have to pay “marriage tax” at a time when you are trying to save money, and beware of the potential complications regarding inheritances. But if you choose to get married, consider a nuptial agreement that details how you wish to handle financial affairs and related matters. This agreement does not need to be signed prior to marriage—a postnuptial agreement can be signed later, after both parties have had an opportunity to get an understanding of each other’s financial dealings. Finally, trusts, wills, powers of attorney and fiduciary documents all can protect your personal interests after marriage provided they are set up correctly.

For more great tips from Adriane Berg, check out her Bottom Line blog “Aging for Beginners,” visit her website https://adrianeberg.me, or purchase her most recent book How Not to Go Broke at 102.

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