Unmarried Individuals Sharing Assets and Cohabiting

https://www.recordonline.com/news/20191102/bonnie-kraham-elder-law-estate-planning-for-unmarried-couples

This was a great article addressing the rise in unmarried couples, over the age of 50, who are cohabiting. As the number rises, we need to be stress the importance of still being prepared for your retirement through setting goals and planning whether your personal life has taken a turn or not. When unmarried people are living together and sharing assets, there can be a rise in family tension upon the death or illness to one of the two individuals. Avoiding the loss of assets and having specific beneficiaries selected for specific roles and entitlements is a good practice to ensure that your family and hard earned assets stay within your estate.