IFA Magazine: Unmarried couples being caught by unexpected IHT bills as over 70s cohabiting rises 288%
As 288% more over-70s choose to cohabit without getting married or entering a civil partnership, large numbers of couples risk having to pay large inheritance tax bills should one pass away, according to national IFA firm Continuum.
Marriage, which was once the bedrock of society is in decline. Marriage remains popular, but it is not the only lifestyle choice. Cohabiting with a long-term partner and deciding against marriage or civil partnership is part of modern society, but many of those who take that route could face complications when money is involved if not planned for correctly.