Love and marriage don’t always go hand in hand these days.
You’ve probably heard all the reports about how fewer people are marrying — even after the 2015 Supreme Court decision that gave couples of all genders the right to marry.
About 18 million people in the U.S. are cohabiting with someone they’re not married to. And it isn’t just young couples shacking up to test the waters before marriage. About 1 in 4 of the 18 million cohabiters in the U.S. are 50 or older.
You don’t need a marriage certificate to prove your love for your partner.
But here’s the problem: The government doesn’t care how in love you are, which means financial and estate planning for unmarried couples is extra important.
Why Financial Planning Is Tough for Unmarried Couples
One thing that marriage has going for it is that it’s a legal contract. That means certain rights