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Getting married? Don’t forget to plan your estate

On Behalf of | Mar 14, 2024 | Estate Planning and Probate |

Wedding bells are ringing, and you’re picturing a future filled with laughter, shared dreams and maybe even a playful puppy. Amidst the excitement, there’s also a topic that needs to be addressed but might not be at the forefront of your mind: estate planning.

Yes, you read that right. Estate planning, often associated with older adults, it is actually a smart move for young, soon-to-be-married couples, too.

Why you need a plan, even with love on your side

Love is grand, but it doesn’t come with a crystal ball. Life can be unpredictable, and having an estate plan in place can help ensure your wishes are carried out should the unthinkable happen. For instance, an estate plan can allow you to clearly designate who inherits your belongings, potentially preventing confusion and potential family conflict down the road.

Additionally, a power of attorney can allow you to appoint someone you trust to handle your finances if you’re ever incapacitated. This can be a huge relief for your spouse during a difficult time. Essentially, estate planning can allow you to focus on the joy of your upcoming marriage, knowing your future is secure.

But I don’t have much!

It’s easy to think estate planning is only for the wealthy. But the truth is, everyone has “stuff” – a car, a cherished record collection, even digital assets. An estate plan helps ensure these go to the people you care about.

Estate planning doesn’t have to be complicated or expensive, and getting started is easier than you think. A good place to begin is to make a list of your assets and debts. From here, you can decide who you want to inherit your belongings. You should also think about who you would trust to handle your affairs if you couldn’t.

Taking the time to seek legal help and plan your estate now can give you peace of mind and protect your loved ones. So go forth, celebrate your love and plan for a secure future, together.