After a busy holiday season of preparing prenuptial agreements for clients who were getting married in early 2017, the inquiries now start rolling in about what to do next. For many of my clients, the prenup holds a significant planning piece of their future, which allows them piece of mind as they walk down the aisle. But then once that is done, and they are married, and they have re-affirmed their prenup, what do they need to do next?
The often overlooked answer for most of my clients is their estate plan. After spending all that time working on the prenup and plan in the case that they get divorced, the next logical step is to then prepare an estate plan to address what happens is they die. Although it may seem like a rather morbid thought so soon after your wedding, it's actually the logical next step as you plan out your lives together.
Of course, I have some really over-achieving clients who do their prenup and estate plan at the same time, but that is not the norm. For most people, they enjoy that newlywed bliss and let their estate planning needs lay dormant for too long.
So, if you recently got married, whether or not you had a prenup, it's also a good time to get your estate planning needs taken care of too. It's just another good way to get things started on the right foot as you begin your married life together...