How will getting married affect my financial and estate planning?
Getting married will affect every facet of your life, especially issues that revolve around money. According to “The New Century Family Money Book” (Dell Publishing), “Everything from health, property, casualty and life insurance to checking, savings, investment, and retirement accounts will need to be revised. If children from a previous marriage are involved, tuition planning that was in the works will need to be revised and recalculated — or begun. Devise a budget, based on your increased or decreased income, that spells out what percentage of whose paycheck goes to the paying of which bills “Your personal circumstances may have changed for the better, but be sure your financial circumstances dont suffer as a result of marriage. Be certain that you and your spouse devise a budget for household expenses and a financial plan for the stages in your newly linked lives; purchasing a home, having children, paying for their education, and building your retirement nest egg.” Make sure you
