There are many things to consider around planning a wedding and understanding the legal considerations of marriage. So while it might appear that you need to have the earning capacity of Zayn and Perrie to enjoy your newly found engaged status, anyone entering into a marriage or civil partnership should consider these matters and seek relevant advice to enjoy protection, peace of mind and most importantly feel able to enjoy the excitement of planning their wedding.
Here are my tips for Zayn and Perrie.
Pre nups may not be romantic but they are a sensible approach – given that you both have assets due consideration to a pre-nuptial agreement is advised.
Parents and grandparents can give inheritance tax free cash gifts – bear this in mind if they would like to make a cash gift.
Seek professional advice about ownership arrangements for property purchases before and after the wedding.
Wills are necessary particularly if you have children later on.
Seek professional advice about tax implications as this changes post wedding regarding income tax and capital gains tax allowances.
If children and/or schools fees are on the cards seek advice about the most efficient way to save for these.
It’s never too early to plan for retirement!