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How to prepare for the day you get married?

How to prepare for the day you get married?

If there is an existing health insurance plan bought before marriage, do not drop it. Apply for a name change (in case of woman who changes her surname after marriage) or addition of your spouse’s name to it. Along with health covers, buy a term insurance plan for at least 10 times of your annual income.

What to do in the first few years of marriage?

The first few years of marriage may well be all about spending and travelling. But such days may also be used to discuss financial matters and lay down the foundation for future financial goals. First things first, get a health insurance plan for self, spouse and parents even before you start saving.

When to get hold of a marriage certificate?

Get hold of a marriage certificate at the earliest. Investments made by your parents with you as the nominee may not require any change. But remember nominations in case of investments of those who are getting married need to be modified in their spouse’s name after marriage.

How to prepare for a wedding in advance?

Make a savings plan in advance to avoid last-minute scuffle for funds by taking personal loans. If you have an educational loan, then prepare a plan to repay it early.

What should you know about financial planning before marriage?

Prior to marriage, a couple should create a list and communicate about their individual income, assets, and liabilities. Among other issues, say there is a piece of furniture that one party has inherited from a family member with particular historical and sentimental value to that individual’s family.

What do you need to know about getting a marriage license?

This document legally binds the two of you together—and plays a big role if you’re planning on changing your name. Obtaining a marriage license and, subsequently, a marriage certificate is a multistep process. What Is a Marriage License? A marriage license is a legal document obtained by a couple prior to marriage.

Why is it important for couples to plan their marriage?

Often a couple planning their marriage typically is so full of hope and excitement about their life together. They may feel it is unlucky or a sign of mistrust to consider how to deal with possible problems with their relationship in future years.

When do you get a marriage certificate after a wedding?

Once you have filled it out, had your ceremony, gotten it signed, and your officiant has turned it back into the county, then you receive a marriage certificate. “The marriage certificate is a certified copy the married couple will receive post-wedding, which proves they are officially married,” says D.

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