Moving in together – one financial implication
06 Jul 2017
An aspect of life that gets forgotten.
If you are a pensioner who loved and lost in your 40s or 50s, before finding a new ‘someone special’ later in life I, for one, am really glad for you. There are so many lonely elders in the world and if two get together they make that statistic a little smaller and they themselves become a little happier... but here is a thought...
After the state of ‘Happy ever after’, the next step is to be together; often with the result that one of the two moves in with the other. Many older people don’t bother with getting married and so they spend the last part of their working life living, working and their retirement enjoying a life of unwedded bliss but the problems starts if one partner dies.
It is often the case that one partner moves into the others home and if the person who is lost is the home owner there can be all sorts of problems for the one left behind. Even though they have been together for years, if there is no wedding ring, can the family of a departed house owner force their partner out of their ‘home’ regardless of how long they have lived there?
Perhaps, if you are a house owner with a live-in partner, now is the time to make sure that your partner is never put in this position by adding a clause to your will to, at the very least, give them time to grieve before having to find other accommodation.
...Just a thought.