9.7

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Family and Peers
samantha lane
Flashcards by samantha lane, updated more than 1 year ago
samantha lane
Created by samantha lane almost 8 years ago
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Resource summary

Question Answer
Are Friends and Family a good source of information? They may provide good information if they have good knowledge of products and have your interests in mind. However they may a limited understanding of financial products
When does a person need to consult Friends and Family Joint investment or purchase. Both partners should discuss the course of action
How should joint financial commitments be split? Financial commitments such as buying property should be split as equally as possible. However, this is not always the case, for example one person may buy a car and the other partner insures it
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