You’re married, but your assets don’t have to be

People who aren’t rich or famous typically don’t have prenuptial agreements, which are legal documents detailing who gets what in a divorce. Even ordinary folks without prenups, though, should think about how to protect their money if something goes wrong.

Planning for divorce may be cynical, but it’s also smart, San Diego certified financial planner Ginita Wall says.

In my latest for the Associated Press, how to protect your assets in case the unthinkable happens.

Tuesday’s need-to-know money news

download (1)Today’s top story: Why your irrevocable trust isn’t protecting your assets. Also in the news: Moving recurring credit card payments, the worst financial mistakes new parents can make, and how to prepare for your financial future.

Your Revocable Trust Is Not Protecting Your Assets
Better asset-protection strategies.

Moving Recurring Payments on Credit Cards Is the Worst. Here’s How to Deal.
Move your payments without pulling your hair out.

The 5 worst financial mistakes new parents can make
Besides not getting enough sleep.

Get Into a “Not Yet” Mindset to Prepare For Your Financial Future
The impossible is possible.