Here’s some financial tips to talk over before the big day.
Think about it! You’ve planned the wedding and everything is ready for the big day. But do you really know the financial status of your new partner to be?
More than likely you have two separate bank accounts. Will you merge these accounts or not, this is the question? It’s really important to make this decision when planning your life together. This will help alleviate conflict and stress in a marriage after the wedding day.
Blueprint for Planning
Create a Budget
Evaluate Insurance Options
Name and Beneficiary Designation Changes
A few years down the road you may want to outline an estate plan. You can use an attorney. Your financial planner may have access to an estate planner who can give your great advice. You can choose between a will or trust. But be sure that you have durable powers of attorney ad health care directives. Estate planning will protect you and your spouse.
Hopefully this has given you a little information of how to begin your financial life together. If you have questions, either give me a call or email me at the information below.
Starry Night Events, LLC
Some information taken from Suburban Journals of Greater St. Louis