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Estate planning before marriage can be important

Jul 9, 2021 | Estate Planning And Probate Law

Before a couple walks down the aisle, they may benefit from thinking about how they can protect their future interests. Some Texas couples may do this by drafting a prenuptial agreement, while others may consider preparing for the future through an estate plan. While it is important to adjust long-term plans after marriage, it can be important to do so before marriage as well. This can protect the interests of a fiancé in case of sudden death or incapacitation.

Planning starts early

If a couple is planning to marry, the two partners are already deeply connected. They probably want each other to make decisions in case of an emergency. However, if they are not yet spouses in the eyes of the law, they may not be considered next of kin. There are ways to address this in an estate plan.

It may be necessary for a fiancé to name his or her future spouse as the beneficiary and heir in certain estate planning documents. It is also beneficial to name a fiancé on certain documents, such as a living will or health care power of attorney. Doing this can reduce complications in case something happens before the wedding.

The future starts now

As soon as a Texas couple decides to marry they can take steps to protect their immediate and future financial and legal interests. One way to do this is through certain estate planning decisions. It may be helpful to work with an experienced attorney in order to understand exactly what steps are necessary and what adjustments could be most beneficial in the individual situation.