< Back to All Articles

Getting Married Checklist

Not sure where to start? This checklist will help in getting prepared for marriage on the right foot.


General information

  1. Has relevant personal information been gathered?
    • Names, ages, health statuses
    • Dependents
    • Children from previous marriages
  2. Has financial situation been assessed?
    • Income
    • Expenses
    • Assets
    • Liabilities

Money management

  1. Have assets been itemized separately/together?
  2. Have debts been itemized separately/together?
  3. Has an apportionment of responsibility for expenses been determined?
  4. Have separate/joint savings plans been discussed?
  5. Will separate/joint checking/savings accounts be used?
  6. Has a record-keeping system been devised?
  7. Are there any credit history concerns?

Housing

  1. Homeowner?
  2. If not, is a home purchase planned?
  3. Have home ownership options (e.g., joint, sole) been considered?

Insurance planning

  1. Is health insurance needed?
  2. Will separate health insurance plans be maintained?
  3. Will health coverage be combined?
  4. Does life insurance need to be purchased/upgraded?
  5. Does automobile insurance need to be purchased/upgraded?
  6. Does homeowners/renters insurance need to be purchased/upgraded?
  7. Does disability income insurance need to be purchased/upgraded?
  8. Does personal liability insurance need to be purchased/upgraded?
  9. Will beneficiary designations be changed?

Investment planning

  1. Have investment profiles been determined separately/together?
  2. Have investment goals separately/together been considered/prioritized?
  3. Has size/frequency of investments been determined?
  4. Are separate/joint investments contemplated?
  5. Are there current investments?
    • Stocks
    • Bonds
    • Mutual funds
    • Annuities
    • Real estate
    • Art/collectibles

Retirement planning

  1. Is a retirement plan available?
    • IRA
    • Employer-sponsored retirement plan
    • Beneficiary designation
  2. Will one or both plans be funded?

Estate planning

  1. Is there a will?
  2. Will changes be made to the will?
  3. Is there a trust?
  4. Has setting up trusts been considered?
  5. Have durable power of attorneys been considered?
  6. Have health-care directives been established?
  7. Are spousal property transfers anticipated?
  8. Is there a concern about equalizing estates?

You may also like:

Money Issues That
Concern Married Couples

Determining a budget and financial goals is key to your financial success. Read this article to help you debate these choices.

Remarriage and Prenuptial
Agreements

Here are 11 questions that you should consider when thinking of a Prenuptial or Remarriage agreement.

*Wealth management services through INVEST are made available by Beneficial Advisors, LLC, a wholly-owned non-bank subsidiary of Beneficial Bank. Financial Advisors of Beneficial Advisors, LLC are Registered Representatives of INVEST Financial Corporation (INVEST), member FINRA, SIPC, a registered investment advisor. INVEST is not affiliated with Beneficial Advisors, LLC or Beneficial Bank. INVEST, Beneficial Advisors, LLC and Beneficial Bank do not provide tax or legal advice. Please consult your tax and/or legal advisor for guidance on your particular situation. INVEST and its affiliated insurance agencies offer securities, advisory services, and certain insurance products and are: Not a deposit or other obligation of any bank – Not insured by the FDIC – Not insured by any Federal Governmental Agency – Not guaranteed by Beneficial Bank or any of its affiliates – Subject to Investment Risk, including possible loss of principal.

This site is for informational purposes only and is not intended to be a solicitation or offering of any security and;

1. Representatives of a broker-dealer ("BD") or investment advisor ("IA") may only conduct business in a state if the representatives and the BD or IA they represent (a) satisfy the qualification requirements of, and are approved to do business by, the state; or (b) are excluded or exempted from the state's licensure requirements.

2. Representatives of a BD or IA are deemed to conduct business in a state to the extent that they provide individualized responses to investor inquiries that involve (a) affecting, or attempting to affect, transactions in securities; or (b) rendering personalized investment advice for compensation.

3. This website may contain concepts that have legal, accounting and tax implications. It is not intended to provide legal, accounting, or tax advice. You may wish to consult an attorney, tax advisor, or accountant regarding your specific situation. No representations are made as to the accuracy of the information contained herein or any information contained in any link provided herein.

INVEST Privacy Policy

Copyright 2006-2017 Broadridge Investor Communication Solutions, Inc. All rights reserved.

Broadridge Investor Communications, Inc. does not provide investment, tax, or legal advice. The information presented here is not specific to an individual's personal circumstances. To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by the law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances. These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable - we cannot assume the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.

WEALTH MANAGEMENT AND INSURANCE PRODUCTS

NOT FDIC INSURED

NO BANK GUARANTEE

MAY LOSE VALUE

ARE NOT DEPOSITS

ARE NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY




beneficial advisors



1818 Beneficial Bank Place
1818 Market Street
Philadelphia, PA 19103

215.864.3598

The use of non-secure e-mail is intended for general questions, inquiries and comments only. Confidential Customer information cannot be accepted electronically

scroll top

Please Note:

You have clicked on a link that will navigate you away from the Beneficial Bank website to an external site that may have different privacy standards. Please click ‘Continue’ to proceed or ‘Cancel’ to stay on the Beneficial Bank site.

Continue Cancel
×

Unsecure Email Disclosure

Your privacy is very important to us. We would like to advise you that Internet email is not a secure method of communication. Please do not submit any information that you consider confidential. We recommend you do not include any specific identifying information such as your social security, account, PIN numbers, date of birth, etc...

Continue Cancel
×

Please Note:

You have clicked on a link that will navigate you away from the Beneficial Bank website to an external site that may have different privacy standards. Please click ‘Continue’ to proceed or ‘Cancel’ to stay on the Beneficial Bank site.

Continue Cancel
×






USA PATRIOT Act

To help the government fight the funding of terrorism and money laundering activities, the USA PATRIOT Act requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

What this means for you – When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license and other identifying documents.