There is no question about it, every couple worries about their financial future. There’s a good reason for this, as it’s harder than ever for newly married couples to accomplish all of the financial things they need to, like buying a home or paying off debt. Fortunately, there are steps that each couple can take in order to build the foundation for financial success. Here’s a look at three such items.

Create a Will

It’s something no one wants to think about, but for the sake of your family and loved ones, every couple should create a will. This will ensure that your wishes are carried out and that your loved ones are cared for. According to Jacoby & Meyers, in order to avoid a costly probate process for your relatives in the event of your death, you should establish a living trust. In the unfortunate event of your death, this will make it easier for your estate to manage your finances and take care of any children you may have.

Buy a Life Insurance Policy

If something happens to you or a loved one, you could find yourself in financial trouble. The death of a loved one means so much more than just a massive emotional blow, it also means a major loss of income. As such, you must look into purchasing a life insurance policy that will ensure your financial future in the event of a loved one’s death. Remember, the purpose of life insurance is to essentially provide income replacement. Each couple will have different financial goals and needs, so it is difficult to develop a set amount of life insurance that you should purchase. Speak with a professional about what kind of policy works best for you.

Consult With a Financial Advisor

Everyone’s financial situation is different. As such, it’s recommended that you consult with a financial advisor. Meet with someone who takes a holistic planning approach that focuses on you. Edward Jones recommends you get a financial advisor that’s self-motivated and a self-starter, which can help take the pressure off you. Doing so when you are young can help ensure that you make good decisions for you and your family. Remember that there are a variety of financial advisors out there, so make sure you are seeing one who is fully trained and certified as is required by the laws in your state.

Financial planning is hard, and it absolutely can be frightening. Fortunately, there is no shortage of resources that you can take advantage of. By planning ahead, you can protect yourself, your family, and your finances.