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If you live with your partner and are unmarried, this is what happens when you die


The number of unmarried couples who live together reached 18 million in 2016, a 29% jump from 14 million in 2007, according to the Pew Research Center. Among adults age 50 and older, however, the increase was 75%: About 4 million were cohabiting in 2016, up from 2.3 million in 2007.

Although the arrangement has gained broad societal acceptance, according to a separate Pew Research report, such couples still face some key differences from their married counterparts. For example, filing a federal tax return as a couple is not possible. Or, if your employer happens to extend health insurance to your partner, the amount your company contributes is taxable to you (vs. being tax-free for a spouse).

As a result of these difference, end-of-life considerations need some attention.

Continue Reading: https://www.cnbc.com/2020/02/27/if-you-live-with-a-partner-and-are-unmarried-this-is-what-happens-if-one-of-you-die.html

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