Burlington estate planning attorneys can provide you with help taking key steps to make an updated estate plan after you have gotten married. When you get married, your life changes in important ways. You are now legally connected to your spouse and your spouse may be relying on you to help bring income into the family or to help take care of children. You need to make sure that you have adjusted your plans to provide for and protect your spouse in case something happens to you.
Unsworth LaPlante, PLLC can help. We will work closely with you to understand the estate planning issues that marriage can create and to help you to take smart steps to make an updated plan that is right for your family situation. Give us a call to talk with Burlington estate planning attorneys and to find out more about the ways in which our legal team can help you to make your plans.
Estate Planning Steps You Should Take After Getting Married
After getting married, some of the different estate planning steps you may wish to take include:
- Revising your last will and testament: You may wish to change your will, if you have one, so you can make clear what your spouse should inherit. You should also be aware your spouse can take an elective share of your estate by statute. This means if you don’t leave money or property to your spouse, the law still allows your spouse to choose to claim a share of your assets when you pass away. If you don’t want your spouse to get the spousal elective share after getting married, you’ll need to take with an estate planning lawyer about how you can continue to control what happens to your assets after your death.
- Purchasing a life insurance policy: If your spouse is going to be reliant upon your income or reliant upon any services that you provide, you should have a life insurance policy in place to make sure that your husband or wife is provided for. It is important even for a non-working spouse to have life insurance because you may need to pay someone to provide childcare or other household services if the person who was taking care of the kids and home passes away.
- Creating an incapacity plan: If something happens to you, do you want your spouse to be the person who makes medical decisions and manages your assets on your behalf? It is best to make your wishes clear using a power of attorney so there is no question that you are giving your spouse the authority to act for you if you no longer can act on your own. If you do not want to put your spouse in the difficult position of being forced to make a choice to withhold potentially life-saving medical care, you also need to make sure that you have created advanced directives specifying the circumstances under which you do – and do not – wish to receive treatment.
These are just some of the many different steps that you may wish to take after marriage. If your husband or wife is dependent upon your income and you need to make sure that an inheritance you provide goes quickly to your spouse, you may also wish to talk with Burlington estate planning attorneys about your options for using tools like pay-on-death accounts and joint ownership to ensure that your spouse does not have to wait for the probate process to be completed to inherit. The probate process can take around a year, according to Investopedia and your spouse may need access to his or her inheritance in a much more timely manner than that.
Getting Help from Burlington Estate Planning Attorneys
Burlington estate planning attorneys at Unsworth LaPlante, PLLC will offer you the comprehensive help and advice that you need to protect your assets and your family after you have gotten married. Whenever you make a major life change, from marriage to divorce to having a baby or acquiring new assets, our firm is here to help you to make certain your estate plan reflects your current life situation.
To find out more about how our Burlington estate planning attorneys can help you, give us a call at (802) 879-7133 or contact us online today or join us for a free seminar. Our legal team will provide the personalized help you need, so call now to get started putting your plans in place.