4 Ways to Prepare After a Surprise Holiday Engagement
A marriage proposal is a joyful and thrilling way to celebrate the holidays. However, after the initial excitement has worn off, it’s important that you and your spouse make the appropriate legal arrangements to start your marriage off strong.
There are 4 solid ways to achieve this:
1. Discuss Finances
Finances are an often-overlooked discussion point for a newly married couple, but one that should be treated with importance. Married couples should consider the following financial factors:
- use of a shared bank account;
- who will pay the bills;
- debts and who is responsible for them; and
- savings and retirement plans.
2. Discuss Children
If you and your partner end up divorcing, children can complicate the proceedings. It’s important that you are on the same page about building a family together. If one person would like children and the other would not, it could either complicate or end the marriage.
3. Create a Prenuptial Agreement
A prenuptial agreement defines the rights and obligations of each partner in the marriage. This usually includes what will happen if the marital relationship ends. A prenuptial agreement allows you and your partner to identify what you want out of the relationship and how you would like to split your assets if you ever get divorced.
4. Create or Update an Estate Plan
If you already have a will, you will need to update it to include your spouse. You may also consider updating power of attorney, or any other important family documents you would like to include your spouse on. If you do not have a will, you should consider creating one before marriage.
Protecting Your Best Interests
Dale L. Bernstein, Chartered Law Office will help you legally prepare for your marriage. Our attorney will guide you and your future spouse toward decisions that will be the most beneficial for the union.
Call to schedule your appointment at (727) 312-1112 or contact us online.