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Discover essential estate planning steps for newlyweds and engaged couples. Learn how marriage affects wills, trusts, and beneficiaries to protect your growi...
After marriage, you'll want to update your will to name your spouse as beneficiary and potentially as executor. Review your trust documents if you have them, since marriage can affect how assets are distributed. Don't forget to update beneficiaries on retirement accounts, life insurance policies, and bank accounts. Many couples also create new powers of attorney naming each other as agents for financial and healthcare decisions.