If you’re heading to a wedding this weekend, you’re certainly not alone. According to the Office for National Statistics, the most popular month for getting married is August. But if all this activity makes you think of marriage, you should be aware this has implications for everything from your tax bill to your estate when you die.
For the most part, marriage is a positive move financially, but there are also some pitfalls that you need to know about.
Getting married certainly gives the poorer partner much more security. Unlike Scotland, concepts of “palimony” or “common-law” marriage have no meaning [...]
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