Should a Couple in Their 80s Get Married After Living Together for Five Years?

Deciding whether a couple should get married when they have been living together for five years can be a nuanced choice, especially for those approaching later life. In this context, we examine the pros and cons, legal implications, and emotional factors that might influence such a decision.

The Decision to Marry

Ultimately, a couple should get married when that is what they want to do, and not necessarily be constrained by specific timelines. However, the decision to marry at the age of 89 and 70 brings about additional considerations, such as personal choice, financial security, legal protections, and emotional fulfillment.

For the Woman

From a female perspective, the limited window for motherhood becomes a significant factor. Although the biological clock may have slowed, marriage remains the best approach for providing stability and support in raising children or ensuring a long-term partnership. Marriage can also offer emotional and legal protections, especially in the face of health changes and potential future challenges.

For the Man

For the male partner, the decision to marry might seem less pressing, as he is already in a long-term relationship. However, bringing the government into the relationship could complicate matters. Legal protections, such as inheritance rights and pension benefits, also become important considerations, especially as one ages and faces potential future health issues.

Financial and Legal Considerations

When one partner is significantly older, financial and legal issues need careful consideration. Assets may need to remain separate, especially if either partner expects to require assisted living or face potential debt. Additionally, marrying later in life can impact inheritance tax, pension rights, and other financial benefits.

Inheritance Tax

In the UK, for example, if the house is left to the survivor, it is exempt from Inheritance Tax (IT). However, if the house is worth more than ￡300,000, the Inheritance Tax rate can be as high as 40%. This could result in tens of thousands of pounds in tax liability for the survivor. Understanding and planning for such tax implications is crucial.

Pension Rights

Marrying can provide the possibility of inheriting pension rights, which can be a significant financial consideration for older couples. For instance, the survivor may be able to claim the deceased partner's pension, and there may be tax benefits as well, such as income tax advantages.

Financial Disadvantages

While there can be financial advantages to marrying later in life, there may also be disadvantages, such as potential legal complications, increased financial obligations, and the complexity of managing shared assets.

Lifestyle and Emotional Factors

The emotional bond between the couple is a significant factor in determining whether to marry. Marriage is about more than just a piece of paper; it is about commitment, support, and companionship. Given the age and life experiences of the partners, the emotional benefits of marriage can be particularly valuable.

Personal and Cultural Context

The decision to marry at this age is highly personal and can vary based on cultural, personal, and financial contexts. In the UK, it is often recommended to marry, as it provides legal and emotional protections that are particularly relevant for older couples. However, opinions may differ in other countries, and the decision should be made based on what the couple feels is best for them.

Conclusion

While there is no one-size-fits-all answer to whether a couple in their 80s should get married after living together for five years, the decision should be based on what the couple desires. Factors such as personal choice, financial security, legal protections, and emotional fulfillment should all be considered. Ultimately, the most important aspect is the bond that the couple shares and the mutual support and happiness they bring to each other's lives.

Further Reading

Marriage and Inheritance Tax in the UK Pension Rights for Widows and Widowers Financial Planning for Retirement and Beyond