Engaged Like Taylor & Travis? Here’s What to Add to Your Life Plan
With the news of Taylor Swift and Travis Kelce’s engagement lighting up the internet (and Swifties everywhere spiraling), love is clearly in the air. But while everyone’s talking about diamonds and dreamy dates, we’re here thinking about the fine print of forever.
Because marriage isn’t just a milestone, it’s a legal shift. And that means your estate plan needs a love story of its own.
What Should You Do Before or After “I Do”?
Marriage changes your legal status, but it doesn’t automatically update your estate plan. Couples should take time to review or create the following documents:
Marriage changes your legal status, but it doesn’t automatically update your estate plan. Couples should take time to review or create the following documents:
- A Will to name who inherits your assets and who manages your estate.
- A Revocable Living Trust for long-term control, especially if one spouse becomes incapacitated.
- A Power of Attorney to handle finances if you’re ever unable to. Getting married does not automatically allow a spouse to access the individual accounts of the other spouse.
- A Health Care Surrogate to ensure your spouse or trusted loved one can make medical decisions.
Thinking About a Prenup?
While we don’t draft prenups, they can play a smart role in your estate plan, especially in blended families or when significant premarital assets are involved. If you already have one, we can help align it with your other legal documents. We work with many other family law attorneys to draft pre- and post-nuptial agreements to align with your life planning.
While we don’t draft prenups, they can play a smart role in your estate plan, especially in blended families or when significant premarital assets are involved. If you already have one, we can help align it with your other legal documents. We work with many other family law attorneys to draft pre- and post-nuptial agreements to align with your life planning.
Talk Finances, Titles & What-Ifs
Marriage often means merging accounts and making decisions together. Now’s the time to update beneficiary forms, discuss joint vs. separate property, and make a plan for the unexpected.
Marriage often means merging accounts and making decisions together. Now’s the time to update beneficiary forms, discuss joint vs. separate property, and make a plan for the unexpected.
Love is magical, but life can be unpredictable. A solid plan protects the partnership you’ve built.