Plan Ahead. Get Ahead. > Life Events > Marriage
Getting Married? Time for a Financial Checkup!
Planning a wedding is an exciting endeavor. But while you’re setting the date, arranging for the hall and picking out a honeymoon destination, spend some time going over the critical elements of your financial life.
Here are some key documents you should review and update as soon as you say "I do":
- Your will
- Beneficiaries for life insurance, pension plans and other financial instruments
- Names on savings and investment accounts
- Health insurance and other workplace benefits
- Next-of-kin information at your workplace and financial institutions
- Power-of-attorney documents
- Living will
- Documents related to ownership of assets such as homes, cars and investment accounts
Finally, make an appointment to talk with a financial advisor about taxes, investment options and insurance needs. Like other major life events, marriage can affect more than your personal happiness — it can also open opportunities for creating a blissful financial future.
Take the next step...
Make plans for two. Before you forget, update your beneficiary information on all investment accounts, insurance policies and other financial assets.
