We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

Should we marry

2»

Comments

  • Marcon
    Marcon Posts: 13,302 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper Combo Breaker
    km1500 said:
    anyone who asks 'should we marry' shouldn't
    Depends how financially savvy they are. Sounds as if you are still in the days of the good old romantic notion of marriage...
    Googling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!  
  • bobster2
    bobster2 Posts: 836 Forumite
    Sixth Anniversary 500 Posts Photogenic Name Dropper
    edited 5 December 2024 at 5:51PM
    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.


  • bunnygo
    bunnygo Posts: 159 Forumite
    Ninth Anniversary 100 Posts Name Dropper Combo Breaker
    edited 6 December 2024 at 5:32PM
    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.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 348.9K Banking & Borrowing
  • 252.3K Reduce Debt & Boost Income
  • 452.6K Spending & Discounts
  • 241.7K Work, Benefits & Business
  • 618.3K Mortgages, Homes & Bills
  • 176K Life & Family
  • 254.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 15.1K Coronavirus Support Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.