Another important thing to remember when getting married is to update your will and your beneficiary designations. Although most things automatically go to the spouse upon the other's death, your beneficiary designations on your 401(k) or estate-planning documents will remain in effect until you change them.
Armstrong also says it's a good time to update your will and to get a power of attorney and health care proxy as well. He cites the famous Terry Schiavo case, where the spouse and parents of a comatose woman endured a brutal court battle in 2005 over her medical fate. "You have to choose who is going to make decisions for you -- your spouse or your parents," he says. "No one wants to think it can happen to them, but it does happen, and it's not a bad idea to get the documents taken care of right away." 4. Create a Budget Together
''I Do'' Diligence: Five Financial Tips for Newlyweds
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But speaking in generalities, two dilemmas were hashed:
Jill Stanek: Behind the scenes at FRC Briefing (Family Research Council)
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