ARTICLE · 01 JUNE 2018

Finding love, later in life

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If you are considering a new partner later in life, make sure you have your estate planning documentation in order.

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Falling in love can happen at any age, including as we get older and supposedly wiser. Unlike marriage in your twenties and thirties, tying the knot after fifty may come with significant financial risk. So, if you are considering a mature age marriage, give thought to the financial implications and check our tips below on how to avoid some of the risks.

Is each partner prepared to care for the other if they suffer ill health, dementia, incapacity – especially if there is a big age difference between the partners or existing health issues;
What is the attitude of each partner's family towards the union? Has the relationship caused estrangement or is there any existing estrangement of family members that could put strain on the new relationship? This could also raise issues regarding challenges to Wills and Family Provision Act claims by estranged family members;

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