If you have plans to get married in the near future, you’re likely really looking forward to the life that you’ll have with your new spouse. And while this time in your life can be incredibly exciting, whether you’re getting married for the first time or you’ve found a new companion in your senior living community, it’s still important that you keep a foot firmly in reality and protect yourself from certain eventualities.
While you might now be thinking and hoping that your marriage will last forever, in the event that it doesn’t, you’ll want to be sure that you’ve set yourself up for success if you wind up on your own again. To help you in doing this, here are three ways to protect yourself legally when getting married.
Be Wise With Your Will And Beneficiaries
As an adult, you should have a will. This will ensure that your wishes are honored upon your death. But to ensure that everything is done exactly as you’re wanting it, you’ll need to make sure that you’re wise with what you’ve stated in your will and who you’ve made as your executor and your beneficiaries for other policies.
If you have adult children, you might want to consider making them your executor or your beneficiaries for certain things. Especially if you have accumulated a lot of wealth and assets in your life, this can be a way to entrust these things to someone that you know has been with you for a long time throughout your life and knows what you’d want.
Keep Your Funds And Property Separate
Money can be a big point of tension in many marriages and divorces. So as a way to make things easier, you may want to consider keeping your funds and property separate from your future spouse, especially if you have a lot of money or a lot of property.
Not only can this make things easier for your own records, but in the event that your marriage doesn’t work out, this will also make it easier to ensure that you wind up with the property that you had coming into your marriage.
Get A Prenuptial Agreement
If you don’t like the idea of keeping things separate within your marriage, you can always draw up a prenuptial agreement that you and your future spouse will sign prior to getting married.
In a prenup, you and your future spouse can decide how you’d like to have your assets divided in the event that you dissolve your marriage. This way, you can have some protection even if you decide to combine your finances and your property after you get married.
If you want to protect your finances and your assets within your decision to get married, consider using the tips mentioned above to help you in doing this.