Life Event Guide: Getting Married
Congratulations! Whether it's dealing with the exciting stuff, like choosing a wedding cake, or practical matters, like setting up a joint bank account, there's a lot on your plate.
Use this guide to make the most out of your LifePlan benefit and make sure you've covered all of your bases.
Talk with a financial advisor
What steps do we need to take to merge our finances?
I'd like to create and implement shared financial goals with my spouse.
I'd like to create a joint debt payoff plan.
How do we organize our accounts and expenses to manage our separate and joint property?
Talk with an attorney*
Is a prenuptial agreement right for me? What are the legal requirements for a valid agreement?
What are the legal steps required to change my name?
What does "community" property mean, and does it apply to me?
What are the legal requirements to get married in my state?
I was previously married, are there any additional considerations?
Discuss your estate plan in light of your marriage and walk through what decisions you need to make, and what information you need, in order to make changes.
Create or update your estate planning documents
Create or update your will or trust, as you may want your spouse to be the executor or trustee of your estate, and, if applicable, guardian of your children. You may also want to update your document to reflect any new assets or property you have (through your marriage, or even as a wedding gift).
Create or update your living will (i.e. advance healthcare directive) to designate your spouse as your agent making future medical decisions on your behalf.
Create or update your power of attorney to designate your spouse as your agent making financial and legal decisions on your behalf.
Talk with a tax professional*
What are the pros and cons of filing our taxes jointly versus separately?
What tax documents do I need to complete when my marital status changes?
Do I need to let the IRS know if I'm moving?
What may change on my next tax return and should I change my status?
Talk to an insurance professional *
Do I need a life insurance policy? How much and which type of life insurance will adequately protect me and my family?
What insurance options do I have to protect items like my engagement ring?
What is the impact of adding my spouse to my coverage?
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*DISCLAIMER: Legal advice is provided by an independent network of attorneys. Tax advice is provided by 1-800Accountant, insurance advice is provided by Mylo, our trusted service partners.