After the thrill of the proposal settles, planning a wedding can become a whole lot more than cake testing and colour schemes. Especially when it comes to finances.
Before you calculate the cost and run for the hills, it's important to remember that a smart savings plan, and strategy for your financial future, can help you create a solid start as husband and wife.
Where should I begin?
Before tying the knot, you may want to consider ownership of assets, personal risk insurance, superannuation and estate planning.
Ownership of assets can be complex, particularly if businesses or trusts are involved. That's where a MyState Financial Planner can help. We'll give advice on how to structure your assets when it comes to tax and estate planning – something that may save you and your loved one thousands of dollars down the track.
Other avenues to consider
Just like in a marriage itself, you can never tell what might happen in your marital finances as time ticks on – so you may even want to consider Risk Insurance.
At a high-cost time like now, having an extra safety net around yourself and your partner can help you sleep easy, and transition smoothly into marital bliss, no matter what happens next,
Smile, save and take it all in
Marriage is an exciting time. You're starting a new life together, and so are your finances. While planning your wedding, it's an ideal time to talk about your goals, review your finances, and set yourselves up with a plan. After all, you deserve a long happy future together – and MyState is here to help.