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MillerSearles
840 West Hamilton Street, Suite 320
Allentown, PA 18101
Phone: 610-437-1000
Website: www.millersearles.com
According to the Pew Research Center, the number of U.S. adults living with a partner continues to rise. While half of the approximately 18 million cohabitants are younger than age 35, almost one in four was age 50 or older. With the number of older Americans living together increasing 75% over 10 years, it’s important to consider the financial implications if you are in this group.
Another way to ensure financial assets pass as you intend is to keep retirement plan and life insurance beneficiary designations up to date. If you want these assets to pass to your partner, say so in writing.
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