Legal Tips to Know Before Your Wedding day
A wedding day is one of the most important days of your life. Getting married is a very legal process, and before getting married to your ‘perfect’ someone, you must go through some legal terms for the sake of your love and future. Here are some quick tips:
Obtaining a marriage license:
Documentation of marriage certificates is the most fundamental thing after marriage. It’s a document issued by a religious organisation or state authority. The formalities vary from country to country, and one must check the conditions according to the place.
The decision to change your name after the marriage:
Some people may think that altering your name after marriage is not an obligation, and feel free to proceed with their original name. It depends from individual to individual. If you want to alter the name or surname, you must change it in your marriage certificate. It would help if you discussed it with your bank and all official platforms about your decision.
Children from a previous marriage:
If you have children from a prior marriage, it’s your responsibility to think about the legal guardianship of the child. Whether you want to transfer it or keep it the same, you must discuss it with your fiance and family lawyer.
Life Insurance:
Future is unpredictable so irrespective of you being dependent or not dependent on your spouse financially, one must go for life insurance. It will help your better half and family financially if something happens to you. Also, be careful when sharing your financial goals with your spouse or would-be husband.
Prenuptial agreements :
“Love may be blind, but marriage is a real eye-opener.”
You can be madly in love today, but tomorrow is a mystery. A Prenuptial agreement is also known as a prenup. It is a very logical agreement between two marrying people in the presence of an advocate. It’s a contract with your future spouse that mainly deals with:
- Marital property
After marriage, the property of individuals is considered as one. They were adequately dividing the property they had when they were bachelors in the prenup sorts all the confusion.
- Division of assets after divorce
The joint property and support of the couple and its division is necessary.
- Debt allocation after divorce
It is essential to discuss the debts with your fiance before marriage, the individual debts, the joint debts and how they will be paid during or after the divorce.
- Transfer of property after death
Taking care of your will timely is the full proof of future planning and deciding the right person to obtain your wealth after your death.
- Amount and duration of alimony upon divorce
Alimony and maintenance after divorce may lead one spouse to be penniless. So, the equal flow of money is decided in the prenup.
The prenuptial agreement is becoming very popular, and couples willingly try to sort out and settle things before the wedding.
Maintenance of joint accounts and taxes:
Usually, after marriage, couples go for joint accounts and taxes. It has its benefits, but there are disadvantages too. The debit of money, payment of debts, independence, loans and every financial expense is paid jointly. One must take this decision after evaluating all the aspects.
Discuss debts with your partner:
The debts of your partner may become yours after marriage. It will be considered very wise and logical to discuss their debts and loans.
It will avoid unnecessary chaos when you learn about it later in the marriage.
These were quick go-to points one must read before getting married. Getting married is a fulfilling experience, but after all, it’s a legal agreement, and one must plan wisely.
