Are you the financially ‘Out Spouse’?

10 Questions

Are you the financially ‘Out Spouse’?
It’s common for couples to have financial issues. However, when the other partner does not get involved at all in finances, they become the ‘out spouse’ and have a higher risk of losing assets or being treated unfairly in case of divorce. Answer the following questions to find out if this is the case for you too.

Questions Excerpt

1. Is your financial situation safe if you ever separate from your spouse?

A. Yes, definitely

B. More or less

C. Not really

D. Not at all

2. Who is responsible for paying bills in your household?

A. Mostly me

B. We do it together

C. Mostly my spouse

D. I don't even know what bills we have to pay

3. Do you take any actions to advance your career?

A. Yes, I learn something new all the time

B. Only if I have to in order to keep my job

C. Not really

D. No, and I am unemployed

4. How often have you talked to your financial adviser, CPA, or family attorney this year?

A. Every month or so

B. Every couple of months

C. Once or twice

D. Never

5. Do you manage any financial assets?

A. Yes, I am well aware of our financial situation

B. Sometimes I help my partner with financial tasks

C. I rarely get involved

D. Never

6. Do you know how much you two were able to save last year?

A. Yes, I am the one in charge with saving money

B. Yes, more or less

C. I am not sure

D. I have no idea

7. Do you know how much money your spouse earns every year?

A. Yes, I know the exact amount

B. Yes, more or less

C. I am not sure

D. I have no idea

8. Do you know what your net worth is?

A. Yes, precisely

B. More or less

C. Not really

D. I don't know what net worth is

9. If tomorrow you had to take over all financial responsibilities, do you think you could do it?

A. I am already doing it

B. Yes, after a bit of practice

C. I am not sure

D. I don't think I could handle it

10. How often do you review your financial situation with your spouse?

A. Very often

B. Every once in awhile

C. Rarely

D. Never

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