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Home : Planning Your Finances : Planning for Life Events : Getting Married : The Need for a Will
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Getting Married
The Need for a Will
If you don’t already have a will when you get married, then it’s time to think about one. Even before children arrive
(should you be planning on any), your status as a married couple merits a clear disposition of assets in the event
something unexpected happens to either or both of you.
If you die without a will, you forgo the privilege of determining how your assets will be distributed, as well as
the naming of an executor. The intestacy laws of your state will govern the proceedings, and the courts will settle
your estate. It’s not the kind of final gesture most of us want to leave for our loved ones.
Simple wills can be drawn up for a modest expense. As you get older and your estate grows, you can modify your
will appropriately or draw up a new one. Additionally, you may want to consider other asset management tools like
life insurance trusts, charitable trusts and testamentary trusts (established within the will itself). Talk to a
qualified legal or estate-planning representative to get the information and advice that you need.
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Transamerica and its representatives do not give tax or legal advice. The material provided is for informational purposes only and should not be
construed as tax or legal advice. Clients and other interested parties must rely solely upon their own tax and/or legal advisor regarding their particular situation.
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