${site.data.firmName}${SEMFirmNameAlt}
Connecticut Phone: 203-661-5222 | New York Phone: 914-397-2400 | Florida Phone: 239-302-2768

Your Leading Estate Planning, Taxation, Real Estate and Trust & Estate Litigation Firm.

ABA American Bar Association NYSBA WCBA Worcester County Bar Association Connecticut Bar Association CTLA ASPPA

Getting married? Have an estate planning talk with your intended

Getting married is exciting. There's a lot to talk about -- and a lot to plan. Once you get through picking a wedding venue and deciding where you're going to live, however, you and your future spouse need to talk about one more important thing: your estate plans.

The odds are good that you don't have any -- and neither does your spouse-to-be. Only about 32% of Americans overall have their estate plans in place -- although a marriage means that you'd need to revise your existing ones.

If you've never considered what to put in an estate plan when you marry, here's where to start:

  • What policies, titles and accounts need to be updated? It's probably time to change your designated beneficiary on your insurance policies, bank accounts, car title and investment accounts (to name a few things).
  • Who do you want to name as secondary beneficiaries? If you and your spouse die the same accident, do you want your assets divided among certain family members, left to charity or something else?
  • Who will carry your powers of attorney? Most likely, you both want each other to serve as your powers of attorney for medical decisions and financial matters if either of you should become incapacitated.
  • Do you need wills? Maybe you have very little in the way of assets right now -- but that may change. You may also want to designate, in writing, some keepsakes to specific relatives.

Estate planning can be a grim topic that a lot of people would prefer to avoid. However, you shouldn't start your life with someone without putting everything in place that can protect them (and you) in case the worst happens.

No Comments

Leave a comment
Comment Information

Greenwich Office
25 Field Point RD
Greenwich, CT 06830

Phone: 203-661-5222 CT
Fax: 203-661-1197
Greenwich Office Location

White Plains Office
1 North Lexington Avenue
Suite 701
White Plains, NY 10601

Phone: 914-397-2400 NY
Fax: 914-437-6354
Map & Directions

Bridgehampton Office
2317 Montauk Highway
Bridgehampton, NY 11932

Phone: 203-661-5222 CT
Fax: 203-661-1197
Map & Directions

Naples Office
500 Fifth Avenue South
Suite 526
Naples, FL 34102

Phone: 239-302-2768
Fax: 239-325-1813
Map & Directions