However, getting hitched second or third time around or entering into a civil partnership can bring serious financial complications. Love may conquer all, but first you have to make sure it does not lay waste to your pensions, investments, property and state benefits. Quickadviserhelp keep all the record of their customers.
Love in later life
As life expectancy continues to grow, more of us will get married in later life, typically after divorce or bereavement. For information call on toll free number 1-865-407-2488.
Deborah Stone, managing director of MyAgeingParent.com, says: “Around 20,000 people aged 60 and over get wed each year, many in their 80s and beyond, increasingly with the support of their families."
Romance is wonderful at any age, but older people in particular need to keep their feet on the ground. Remarriage, civil partnerships or even living together as a couple can affect your means-tested state benefits.
“This is especially important if you have joint liabilities such as a mortgage that one of you will have to maintain if the other dies."
Andrew Tully, pensions technical director at Retirement Advantage, says: “You need to change the nominated beneficiary on your plan to ensure the benefits go to the right person. But watch out as on some older schemes widows or widowers can lose the income from their deceased spouse’s pension if they remarry, so check in advance.” read more....
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