Couples have so many financial issues to sort thru that it’s easy to ignore this one. Be prepared for something happening to one partner. Regardless of your age or who pays the bills, both spouses need to know what will happen if the other spouse dies. Here is a quick checklist: the will, life insurance, health insurance, survivor pensions, retirement accounts, property, investment accounts, small business, debts, and all financial account information. You should keep most of this information available in one place, folder, or desk drawer. You can also keep a copy in a safety deposit box, but that may be more difficult to keep updated. Keeping a copy online can be easy to update, but may not be found when needed. Each of you should also have a living will that specifies your wishes in case you are incapacitated and your spouse needs to make medical decisions on your behalf. Discuss in advance what kind of medical procedures you want if incapacitated mentally. Married couples should have the same motto as the Boy Scouts: “be prepared”.