According to Direct Line 2018, over a quarter of British people don’t know where their partner’s money is banked or invested and a staggering 17% of people who have been married or in a relationship for ten years or more, wouldn’t know how to locate their partner’s assets if they were to die.

Although it can be a difficult subject to raise, talking openly about finances with your partner is a conversation worth having. As a couple, it’s best to avoid a situation where only one of you understands your finances. A mutual understanding not only means you’ll both know what you can and can’t afford, it also means that if something were to happen to one of you, the other would have an idea of their financial affairs.

It is important to take professional advice before making any decision relating to your personal finances. Information within this document is based on our current understanding and can be subject to change without notice and

the accuracy and completeness of the information cannot be guaranteed. It does not provide individual tailored investment advice and is for guidance only. Some rules may vary in different parts of the UK.

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