Congratulations on your engagement! While getting married is an exciting time in your life, it's important to remember that it's also a big decision that requires careful planning and consideration. Here are a few legal things that couples should consider before getting married:
Prenuptial agreements: Prenuptial agreements, or prenups, are becoming increasingly common. While prenups are often thought of as a tool to protect the assets of one partner, they can also be used to protect the assets of both partners and to outline financial expectations for the marriage. Consider whether or not a prenup is right for you and your partner.
Name changes: If you or your partner want to change your last name after getting married, it's important to understand the legal process for doing so. This may involve obtaining a new driver's license, passport, and Social Security card, as well as changing your name on any professional licenses or certifications you may have.
Healthcare: Marriage affects your healthcare coverage and decision-making authority for your spouse. If you or your partner have a healthcare power of attorney or advance directive, it's important to review and update these documents to reflect your new relationship.
Estate planning: Marriage affects your ability to make decisions for your spouse in the event of incapacitation or death. It's important to review and update any estate planning documents, such as wills, trusts, and power of attorney documents, to reflect your new relationship.
Taxes: Marriage affects your tax filing status and may have an impact on your tax liability. It's important to understand how marriage will affect your taxes and to review your withholding and estimated tax payments if necessary.
Insurance: Marriage may affect your insurance coverage and premiums, including health, life, and auto insurance. It's important to review your insurance policies and make any necessary changes.
Here is a checklist couples can use to review these legal considerations before getting married:
Review and consider a prenuptial agreement
Understand the legal process for changing your name
Review and update healthcare power of attorney and advance directive documents
Review and update estate planning documents
Understand how marriage will affect your taxes
Review insurance policies and make necessary changes
If you and your future spouse need assistance with a prenuptial agreement, please contact our office at (832) 328-0791. If you need more tips and tools to assist you with your divorce or custody case please consider signing up for one of our upcoming classes.
