Too often financial matters are handled by only one spouse. Even if day to day matters are handle by one spouse, however, it is important for both spouses to have a clear picture of the family’s financial situation and participate in the estate and wealth planning process. It’s not necessary to become an expert, rather to learn how to select and supervise experts and develop useful legal structures, agents, executors and trustees to help you along the way. See this recent NYT article describing some good examples: Helping Women Over 50 Face Their Financial Fears.
Photo credit: Will Glaser for the New York Times