The more wealth you acquire, the more important it becomes to look at how your significant assets such as your home, investments and insurance policies are owned.
Ownership has flow-on effects in terms of tax, estate planning, and protection of your property against claims from creditors or former partners.
At the simplest level, assets can be owned individually or jointly if you are in a committed relationship.
Owning assets in your individual name does not protect you against a relationship property claim from your partner in the event a relationship ends.
Individual ownership of investments can, however, have tax benefits if you and your partner are on different tax rates.