Not to go all Dr.Phil on you, but...

Do you love your spouse? Trick question. I am assuming you do. If you don't, then stop reading my blog, and google a marriage therapist...right now. Anyway, there is a very strange debate going on in America today that you may or may not be privy to. The debate is this: should married people have separate accounts to make life easier in the event of divorce?

It is a sad yet interesting argument. Should you live your financial life cautiously to protect yourself from getting wiped out in a divorce scenario. I have seen and heard of a number of instances when one spouse is left high and dry. Could they have prevented this by asking for separate accounts early in the marriage? Maybe, but is such caution a self-fulfilling prophecy? I honestly don't know the answer, but I do have an opinion.

This is a very complicated predicament. If you insist on having separate accounts, aren't you planting the seeds of mistrust? Are you strengthening your relationship by driving a stake between your assets? This may seem like a moral issue, but things get pretty cloudy once you have seen a person get wiped out in a divorce. Part of my business's mission is to open the lines of communication and trust in a marriage. The lack of trust usually manifests itself in the separation of bank accounts, but the mistrust has nothing to do with money. I am not saying that separate accounts always mean that you don't trust your spouse, but there are some interesting things to consider.

Aren't you glad I have such an uplifting blog on a Monday? Well, here is the good news. You can fix it. Money problems can usually be fixed by communicating with your spouse. I would love to know what you (the reader) think about separating your assets to prevent a divorce-induced financial meltdown.

******Video Podcast update....You have waited a long time for the Podcast, and your wait will be worth it. I promise you that you will love it.