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  • Writer's pictureSommer Miller, Esq.

Safeguarding Your Future: Legal Tips for Unmarried Seniors Cohabiting



As we age, companionship and shared responsibilities become more valuable. Many seniors are choosing cohabitation over solitude for mutual support and to cut costs. However, this arrangement brings about some legal nuances that need addressing. Here, our Pennsylvania will lawyers delve into the necessary legal steps for unmarried seniors living together.


Financial Talks are Crucial

Money matters can be a complex issue when seniors decide to live together. While separate bank accounts, credit cards, and investments often remain the preferred choice, some couples might contemplate pooling their resources. However, merging finances should only be considered when both partners are entirely confident about the decision. If there's an imbalance in financial assets between partners, consulting legal and financial professionals is highly recommended.

Importance of Legal Agreements

Cohabiting seniors should strongly consider drafting a legal agreement detailing their financial commitments and expectations in case of unforeseen circumstances like illness or death. This agreement might include provisions on managing or dividing joint property if one partner becomes incapacitated or passes away. It should also address potential scenarios where one party may need or choose to relocate, outlining how shared bills and property ownership would be handled in such instances.

Nominating Healthcare Decision Makers

For seniors living together, regardless of age, it's essential to designate a trusted person who can make key decisions if they become unable to do so themselves. This person, named in a Healthcare Directive or Power of Attorney, will have the authority to make decisions about your finances or care, including the need for medical treatment. If you intend to make end-of-life decisions as a couple, ensure you have Advance Directives in place before any medical procedures. This step ensures your wishes are honored if something unexpected occurs during treatment or surgery.


Chart Your Own Unique Path Forward

Choosing to live together as seniors provides an opportunity for companionship, shared responsibilities, and maintaining financial independence. But it's important not to overlook the legal aspects of such an arrangement. Careful financial planning, setting clear legal agreements, and appointing a healthcare decision-maker are crucial steps. Armed with these practical tips, unmarried seniors can navigate their cohabitation journey confidently, knowing they are prepared for potential future scenarios. Enjoy your time together without the worry of legal complications—we are here to help you every step of the way. Contact our Pennsylvania will lawyers by clicking the link below to schedule a consultation.


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