Newly married couples are embarking on a whole new life together. This new life comes with a number of changes. It is important to consider your estate planning as you begin your life together. Creating an estate plan that works for both you and your new spouse can ensure that you are on the same page when it comes to medical, financial, and end of life decisions.
Update Accounts and Beneficiaries
Many married couples consolidate their accounts. Checking and savings accounts are usually held jointly. Consider opening a joint bank account or credit cards to make paying for future expenses more convenient. Insurance plans, such as health, car, home, or life insurance often allow for family plans that include coverage for the whole household. Changing over to these plans can almost always provide the same amount of coverage for a better rate.