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Should we marry
Comments
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Depends how financially savvy they are. Sounds as if you are still in the days of the good old romantic notion of marriage...km1500 said:anyone who asks 'should we marry' shouldn'tGoogling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!0 -
Langkawilady said:Hi, We purchased our house in 1987 and it is both our names. We have a joint bank account,He has two private pensions which have me as beneficiary if he dies and we have made a will. We are not married. I am 75 and he 79. Do we need to get married or we ok as we are?If you have children - then being married could make a substantial difference to how much they eventually inherit.If one member of a married couple dies and leaves everything to their spouse - then the surviving spouse wil be able to use their unused nil rate band and residential nil rate band.
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you are wasting a big inheritance tax allowance if you don't marry or get civil partnered. BUT either of these will revoke an existing will so you will need to make new ones - you can do them in anticipation of marriage.cheapie registry office job will do the trick.0
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