What You Need To Know
Below are just a few key aspects that you should consider and watch out for once you get married. Each of these areas will play an important role in your life and may affect each other in one way or another over the next few decades to come.
1) Plan for upcoming expenses
While getting married is exciting, the financial expenditures that come with a wedding and many other big decisions, like going on a honeymoon and purchasing your first home, take planning and can put a toll on your finances.
2) Decide what to merge vs. keep separate
Whether as a couple you decide to merge everything, some things, or nothing at all, consider the tax and/or legal implications, if any, that may affect your respective debts and investments, personal properties, and other assets.
3) Complete post-wedding to-do tasks
Once the festivities are over, the less exciting tasks begin, such as: changing your name and re-titling of accounts, credit cards, IDs, etc., updating your life insurance policies, and making updates to your tax filing status.
Common Mistakes
MISSING TAX BENEFITS
Missing out on tax savings when filing jointly, and deductions/credits
AVOIDING FINANCE "TALKS"
Not talking about finances - investing, expenses, & goals
IGNORING ESTATE PLANNING
Kicking-the-can-down-the-road and not planning for the unexpected
Services You Should Consider
Combining finances with your significant other can feel complicated and overwhelming, but can be extremely rewarding long-term as you build your new future together. Work with an advisor who will be with you every step of the way as you reach new milestones together, and will help guide you to the best financial outcomes for your specific household's goals.
Investment Management
NEAR AND LONG-TERM STRATEGY
Have a fiduciary third-party help make decide the most efficient investment and finance-related decisions to meet your goals and avoid common arguements.
Tax Planning, Prep, & Filing
Insurance Planning
Estate Planning
EFFICIENT TAX STRATEGY
Ensure you are taking advantage of the best tax-filing strategy, deductions and credits as you get married, have children, and purchase a house.
PROTECTION FOR THE FUTURE
Find the best healthcare plan for your families needs, and ensure you have the proper type and the right amount of life insurance to protect your loved for the future.
PEACE OF MIND FOR YOUR EACH OTHER
Access our network of trusted attorneys that can help evaluate your estate planning needs and help protect your loved ones in the event of the unexpected occuring.
Have Questions or Need Advice?
By offering most tax, investment, planning, and insurance services in-house, we are dedicated to helping you reduce fees and save time when it comes to helping you achieve your financial goals and needs. You will gain peace of mind knowing all of your affairs will be coordinated, aligned, and managed with one simple phone call.