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Legal Partnerships: Marriage And Financial Negligence

1589 words - 7 pages

Most couples will at one point or another in their lives consider marriage. Perhaps the two persons have known each other for years, or perhaps they just met each other a few months ago. While love and affection might be some of the key components in a marriage, or any relationship to say the least. Some of the largest and most crucial factors of a relationship’s standing have to do with decision making, conflict resolution, and finances. Whether both of the individuals work full-time, or one partner is the “stay-at-home” type, we can honestly say that spending habits and conflicts should be properly addressed. If one of the partners feels that the other partner is being negligent in regards to the couple’s financial standing, it can be considered grounds for possible conflict and even divorce. Being negligent of finances in a marriage can cause the divorce of what was at one point, a happy marriage.
​By definition, marriage is the formal union of a man and a woman, typically recognized by law, by which they become husband and wife (Oxford Dictionaries). In the past many people did not tend to look into what the financial standing of their partner-to-be looked like. They simply paid attention to the emotional standing of their relationship, and that was it. Today though, more and more people are figuring out what each party can or cannot bring to the table. When considering what is more frankly, a legal union. For many people, someone with great wealth, or any, is attractive. Yet, someone with excess debt, or any at all, is a deal breaker. The other party will usually evaluate old debt as a caution and shy away from the risk of being tied to another’s premarital duties or mistakes.
To ensure that both minds in a marriage will come to similar requirements on issues, is to say that both individuals have evaluated each other and see each other as being well fit to possibly spend the rest of their lives together. From deciding if the car needs to go to the shop, to how much electricity is being used at home, the couple must have an effective approach or method of solving problems. According to John Gottman, a leading researcher in marriage and couples issues, “when people have different conflict resolution patterns several problems can arise. These couples find themselves stuck in problems they cannot resolve which causes both of them emotional pain and leads to negative ways of thinking.” (Gottman) On top of having a good approach to fixing issues, both parties must understand that they owe a duty of care to one another. That being said, the health of a marriage should be well thought out; in order to properly speculate what the strength of the foundation the couple will build a financial future on will be.
In financial terms, a married couple is treated as one body, where any possessions acquired during the course of the marriage is considered community property, and each party is entitled to an equal one half of everything. (LeRoy 662)That...

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