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iVillage: Think He'll Propose? Things You Need to Know Before You Get Married

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How to Protect Your Personal Assets

When you get married, you'll have to decide how you're going to handle financial expenses. Decker's recommendation: a "yours, mine and ours" approach. Set up a joint checking/savings account for paying general household bills and saving for big purchases or vacations. But protect any assets you bring into the marriage -- your trust fund, a condo, large monetary gifts from your parents -- by keeping them in your name.

"People get married and say Honey, I love you so much I'm putting your name on my bank account, and then those co-mingled assets lose their separate property status. In the eyes of the law, you no longer own that separately," explains Decker. Keep what was originally yours separate, she says, so "you don't risk having to split that in a divorce."

(CREDIT: Geri Lavrov/Getty Images)
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The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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