This episode is all about financial considerations in a stepmom role. We discuss everything from a stepmom's obligation to contribute financially (or not), sharing expenses such as clothing and extra-curricular activities, and even wills and estate planning with stepkids involved. Here's a full breakdown:
0:00 - 4:55 - Catch up, wine adventures, odd noises @ our airbnb
4:55 - 6:00 - Intro to Stepmom financial planning complexities
6:00 - 11:15 - Finance convos to have early in your relationship & accepting child and spousal support amounts
11:15 - 16:30 - general financial obligations of a stepmom
16:50 - 23:00 - School clothes & supplies financials
23:00 - 26:00 - Items disappearing at the other households
26:00 - 28:00 - Expenses for kids over 18
28:00 - 30:30 - Beneficiaries & Stepmom obligations if losing a spouse
30:30 - 35:45 - Powers of Attorney & Next of Kin, Medical Events
35:45 - The end - Instagram Q&A on Financials for Stepmoms (Earning more than your partner, Changes in Custody & Financial Obligations, Large Expenses, Room Decorations)