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You just got married! The day was perfect, or close to perfect, and now you have your whole lives to look forward to. The honeymoon was great as well, the trip to the Bahamas couldn’t have come at a more opportune time after the stress of planning a wedding. Now you are back to real life and can breathe a sigh of relief. Not so fast. Now that your life together has begun, you need to make certain you’re your legal and financial lives are settled.

 

What To Do Now

 

As you start living happily ever after, make sure to plan for these “adulting” tasks during the first few days (or even weeks) after your wedding. The following checklist can serve as a reminder of some, but not all, of the tasks to which you should give your immediate attention:

 

· Meet with a knowledgeable estate planning attorney to discuss the creation of a will or trust, or to update one from before you got married. This is especially important if you have been married before and/or have children from a previous relationship;

· Review and update your medical proxy documents and provide copies to your necessary doctors’ offices;

· Check and update beneficiary designations on any life insurance policies, 401(k)s, IRAs, annuities, and other investment accounts;

· Seek advice from your tax preparer about whether or not you should adjust your withholdings to reflect your new marital status;

· Obtain life insurance, if you do not already have coverage, and designate a beneficiary and a contingent beneficiary;

· If you have or are planning to move, notify your auto insurer, banks, employer, and anyone else of your new address;

· Add your spouse to your group health and/or dental insurance policy, if necessary; and

· Change ownership of real property, if you choose to, to reflect your marital status;

 

In addition to the above, if you decide to legally change your name make sure to notify the following institutions:

· Schools;

· Employer(s);

· Department of Motor Vehicles;

· Creditors and debtors;

· Social Security Administration;

· Passport office;

· Insurance agencies;

· State taxing authorities;

· Telephone and utility companies;

· Banks and financial institutions;

· Government benefit office.

 

Contact an Experienced Estate Planning Attorney

 

If you have any questions or concerns, don’t hesitate to contact us to set up a free consultation.

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Virginia Beach, VA 23452

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Newport News, VA 23606

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Chesapeake, VA 23320

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