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Gown, tux -- and taxes, too.

Publication: Knight Ridder/Tribune Business News

Publication Date: 28-FEB-05
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COPYRIGHT 2005 Knight-Ridder/Tribune Business News

By Avrum D. Lank, Milwaukee Journal Sentinel Knight Ridder/Tribune Business News

Feb. 28--Shawn Claypool needs help doing his taxes since becoming a homeowner and husband.

As a bachelor who rented, he had no problems filling out the annual forms needed to keep the Internal Revenue Service happy. But since his wedding, "I thought it would be too complicated," the 32-year-old engineer for SBC said.

"Besides," he added, smiling at his wife, Krista, a 27-year-old teacher at the Milwaukee High School of the Arts, "I didn't know if she would trust me to do the numbers."

The Claypools find themselves in a common situation -- big changes in their lives have brought challenges to their finances.

For young people, marriage and homeownership rival only the birth of a child as a time to make sure emotional milestones don't turn in to financial fiascoes, experts say.

Claypool boldly strode down the road to homeownership and matrimony on the same day in...

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