Let’s make up a situation:
Two people are in a relationship. They are either widowed or divorced. They had long term relationships before which include adult children. The people in question are anywhere between the ages of 60 and 90. The two people have been dating for between five and ten years. They have chosen not to get married, but just live together. Both parties are middle class, with enough money to live, but not enough to donate hospital wings.
Got me so far? (If there’s anything else you need as far as details, ask me and I’ll give you more)
Does one partner have the expectation that they will receive the lion share of any inheritance when the other partner dies? For example. if partner A dies, leaving behind three adult children and six grandchildren, should partner B receive 80% of the estate? Should partner B receive any money at all? Should partner B expect to be left anything other than a token?
Does your opinion on this change if the two are now married?
How do finances work when you are older and retired and don’t have children in common.