23 min

S3 E8: "Should I get married for tax purposes? My boyfriend swears we'd save money, but I'm not so sure...‪"‬ Bitches Get Riches

    • Self-Improvement

TODAY'S QUESTION:
For long term partners, what are the financial benefits of getting married? Why not just continue to live with my significant other and not legally tie the knot? My partner seems to think that our taxes would be way lower if we were to get married, but I'm not so sure. Yes, there is the added safety net of being on your partner's health insurance if you lose your job… but I'm not sure if that is enough to outweigh the financial consequences of divorce, etc. Along the same lines...is there a simple, cheap way to get a pre-nup for two people who both have similar assets/incomes but just want to be on the safe side?

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(https://www.bitchesgetriches.com/married-for-tax-purpose/)

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TODAY'S QUESTION:
For long term partners, what are the financial benefits of getting married? Why not just continue to live with my significant other and not legally tie the knot? My partner seems to think that our taxes would be way lower if we were to get married, but I'm not so sure. Yes, there is the added safety net of being on your partner's health insurance if you lose your job… but I'm not sure if that is enough to outweigh the financial consequences of divorce, etc. Along the same lines...is there a simple, cheap way to get a pre-nup for two people who both have similar assets/incomes but just want to be on the safe side?

LIKE THIS SHOW AND WANT US TO KEEP DOING IT?
Show your love by becoming a patron. We're trying really hard not to do the whole corporate money thing. Disrupt capitalism today!  (https://www.patreon.com/bitchesgetriches)

WANT TO ASK A QUESTION?
Go to Bitches Get Riches and click "Ask the Bitches." We get too many to answer them all, but donors are guaranteed an answer! (https://www.bitchesgetriches.com)

READ THE TRANSCRIPT
(https://www.bitchesgetriches.com/married-for-tax-purpose/)

NEED MORE OF THE BITCHES?
• Read our dank wisdom nuggs at Bitches Get Riches.
• Get new articles delivered to your inbox so you never miss 'em.
• Follow us on YouTube, Twitter, Tumblr, Pinterest, and Instagram.
• Support the show on Patreon.
Support the show

23 min