As long as both people know how to pay the bills, know where all of their financial documents are, and are familiar with their current financial situation. On more than a few occasions, I've seen a situation where the bookkeeping spouse dies and the surviving spouse doesn't have a clue about what to do or where things are.
The second answer is just dumb. Lay people really don’t have a good idea of the “what ifs” involved in business partnerships. For $500 up front, you can get a lawyer to make you think about these things and get you to agree on a plan for ending the partnership or LLC or whatever. How many lay people would think about and be able to draft provisions relating to:
-Death of one or both parties.
-Bankruptcy of one or both parties.
-Responsibility for additional capital contributions.
-Ability to exit and force a buy out.
-Valuation at different exit trigger events.
-Claims by a divorcing spouse relating to a partner’s / member’s interest in the business (both under a community property and a normal jurisdiction).
-Right to hold a position and draw a salary from the business.
-Responsibility for losses.
-Responsibility for ultra vires actions by one of the members that injures the business.
-Dispute resolution.
-Etc.
That clarity is what saves friendships and families, not a Norman Rockwell ideal of scratching out the business relationship over beer.
From the beginning of their marriage, my father brought home the check and handed it to my mother, and that was that.
On the other hand, when it came to planning for retirement and making sure she was provided for, he was on top of everything.
Does it matter whether it’s the husband or the wife who keeps the checkbook and pays the bills? Lots of people say that kind of thing is the man’s job, but I was curious about what you think.
I don’t think it matters one bit, and here’s why.
Of COURSE it matters, you moron! BILLIONS of dollars and the future of the Republic ride on it!
Television is an estrogen-saturated wasteland because merchants and advertisers (but I repeat myself) have figured out that She is making all the purchasing decisions and holds the checkbook.
Look at all the car ads that make men look stupid -- that alone should clue you. (Not counting car ads run during events in the Sports Ghetto (TM) .)
A clueless young journaliste, in 1997, stood up and embarrassed herself during a C-SPAN event by asking a Ladies' Home Journal senior executive (an older woman), during the Q&A after a talk, "Why isn't there more programming on television specifically for women?" The executive stopped for a second, blinded by the blaze of ignorance and stupidity, and proceeded to administer a memorable beat-down about how ALL of television programming, except sports, is ALL about Her. Exclusively. No exceptions. Advertising, content -- it's a 24-hour All About Her show.
It's why, the executive concluded with a squelching thud, finishing off the juniorette, men are such compulsive channel-surfers. For them, there is nothing on -- NOTHING.
I can confirm that, and I can add my own rule, concerning News Programming, in the evening but especially in the morning.
All News programming has three elements:
- A woman talking
- A doctor
- A child or baby, or children.
Check it out. See if I'm not right.
In each family there’s a nerd and a free spirit
What a dumb@** statement derived from a pea brain.
The preacher said, “and now you are one.”
Dave Ramsey Fan Ping List.
If you would like to be added to the “Live like no one else, so that you can LIVE like no one else” list, feel free to Freepmail me.
The preacher said, “and now you are one.”
Dave Ramsey Fan Ping List.
If you would like to be added to the “Live like no one else, so that you can LIVE like no one else” list, feel free to Freepmail me.