• We’re Newlyweds! Now What?

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    Since we got married, we’ve realized that we have a huge list of financial tasks to complete. Now that we’re a family we need to take steps to plan for and protect our future. There is a lot to do and it’s pretty overwhelming, so we’re going to take baby steps and approach one thing at a time. Here is our task list, which will probably take the next year to complete:

    • Change Her’s last name on all our financial documents. Make sure we are the beneficiaries of each other’s existing insurance policies.
    • Review our current insurance policies. Determine what kind and how much coverage we need, and purchase new coverage if our existing policies fall short.
    • Write wills and living wills. Choose an executor and notify that person.
    • Rent a safety deposit box. Figure out what is supposed to go in it, and put those things in it. This has actually been on our to-do list for about three years, so we need to, ya know, do it.
    • Create a “Just in case” binder of information that would be necessary if one of us were incapacitated or killed.
    • Re-balance our investments to account for changes over the past year.
    • Create a family emergency plan and kit, and notify our families of our plans.
    • Discuss our burial wishes, and plan for the purchase of a plot.

    I got started today by blocking out time this weekend to go to the bank and open that safe deposit box. Baby steps, folks!


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