Getting married is supposed to be a wonderful experience. Before tying the knot, it is a good idea to have a discussion about important issues before they come up. Make sure that both parties are on the same page about important topics to avoid future conflicts.
- Power of Attorney
No one wants to think about bad things happening to themselves or loved ones, but it is best to have a plan in place ahead of time to minimize stress during an emergency. If one or both partners should become incapacitated, someone will need to advocate for them. Talk about who would be able to take on those duties and then speak with a lawyer who is experienced in power of attorney Keyser WV about drawing up the proper paperwork.
It is important that a will be not only created but periodically reviewed to ensure its relevance. In a worst-case scenario, passing away without a will can leave children without a clear guardian. Family members will be unsure about how to handle the situation or know which assets should be safeguarded for the children until they reach the age of majority.
- Life Insurance
A good life insurance policy will at least cover all the funeral expenses involved. A better policy will ensure that the survivors will not experience financial hardships due to loss of income. Talk about the options and decide if there is enough coverage, or if additional policies should be considered.
Many couples look forward to retiring together. It is a good idea to talk about retirement expectations long before the time comes. One person may be looking forward to traveling to exotic locations while the other would prefer to stay home and relax. Find a compromise that keeps both parties as happy as possible.
Approach the topics with delicacy and try to avoid getting upset or heated. This can be a great opportunity to figure out how communication will work when other important issues crop up during the marriage and can alleviate potential problems.