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What does marriage mean these days?
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comeandgo said:Emmia said:Also, your current wills will be immediately invalid once you're married (if you do this), so you'll need to make new ones.
And yes, being married makes splitting up (divorcing) harder, more expensive and risks the wealthier parties assets - I actually know a couple of people at work who have done the mortgage, kids etc. and been very happy get married and then have (not that long later) got divorced... marriage is different somehow from being unmarried.
The key point really is that marrying usually invalidates wills, so the OP should bear that in mind if they decide to tie the knot.
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There was another post on the forum this week from somebody in a similar situation but where property was in his name and she was employed in their business. Being unmarried and unhappy she could end up walking away with nothing but child support. Advantages in later life where relationship status taken into account at hospitals and care homes.2
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Emmia said:comeandgo said:Emmia said:Also, your current wills will be immediately invalid once you're married (if you do this), so you'll need to make new ones.
And yes, being married makes splitting up (divorcing) harder, more expensive and risks the wealthier parties assets - I actually know a couple of people at work who have done the mortgage, kids etc. and been very happy get married and then have (not that long later) got divorced... marriage is different somehow from being unmarried.
The key point really is that marrying usually invalidates wills, so the OP should bear that in mind if they decide to tie the knot.1 -
Emmia said:And yes, being married makes splitting up (divorcing) harder, more expensive and risks the wealthier parties assets - I actually know a couple of people at work who have done the mortgage, kids etc. and been very happy get married and then have (not that long later) got divorced... marriage is different somehow from being unmarried.
It is not uncommon for couples to marry thinking it will be a magic solution to their relationship issues, and then divorce shortly after when they realise it isn't.
If they intertwined their finances to the extent that they had a mortgage together and kids, there is no reason anyone should shed a tear if the financially weaker partner took away a fairer share of their marital assets thanks to marriage. In some countries (not the UK) they would have been treated as married anyway.2 -
Malthusian said:Emmia said:And yes, being married makes splitting up (divorcing) harder, more expensive and risks the wealthier parties assets - I actually know a couple of people at work who have done the mortgage, kids etc. and been very happy get married and then have (not that long later) got divorced... marriage is different somehow from being unmarried.
It is not uncommon for couples to marry thinking it will be a magic solution to their relationship issues, and then divorce shortly after when they realise it isn't.
If they intertwined their finances to the extent that they had a mortgage together and kids, there is no reason anyone should shed a tear if the financially weaker partner took away a fairer share of their marital assets thanks to marriage. In some countries (not the UK) they would have been treated as married anyway.
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sarcal3813 said:So myself and my partner have been together almost 11 years, we have a house, two children together (and my two sons live with us) and are very happy.My question is, although both of us have wills stating what we’d like to happen in the event of our passing… Is there any benefit to being married? Neither of us are bothered about marriage, so if there was benefit to it, we’d literally go to a registry office and sign the paperwork.
There are various times where a married couple can simply act for each other whereas an unmarried couple cannot. For example an unmarried man must be present to have his name on the birth certificate of their kids whereas a wife can put their husbands name on it without their presence.0 -
In my opinion, it's predominantly to to offer reassurance to the parent (typically the mother) who will make career sacrifices to provide the majority of the childcare from being left high and dry with just the clothes on their back in the event of a break up.
There was a thread that could be a case study for marriage only a couple down: https://forums.moneysavingexpert.com/discussion/6482552/splitting-finances-fairly/p1
Know what you don't0
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