Post
by Fromthehills » Sun Mar 07, 2010 2:56 pm
You're right that you can solve the issues with a will and power of attorney, except say in the case one's estate is in the name of the person that dies, they will it to their partner, the partner has to pay an inheritance tax on that estate. If the tax is more than the survivor can afford, it must be sold to pay the tax. If it can't be sold for what it is assessed to be worth, doesn't matter, you still have to pay the tax. For instance, I have a small fortune in tools, equipment, and guns. If I die right now, being married, nothing happens, she can keep it, sell it, give it away, or whatever. The next guy will be a lucky son of a bitch. If we weren't married, and I had it in a will to her, she would have to come up with tens of thousands to pay the tax on stuff she doesn't even know what it's for, so she'd be forced to sell enough of it to cover the tax. Which I think would be unfair. If she died and we were unmarried, our property is in her name, as it was her parents that gave it to us, I'd have to sell it, for the same reason. Which isn't fair because it's her family property, and I have years of hard work that I put in here.
Of course that's my own situation, and not everyone's. I don't think marriage is important, for the sake of getting the government, or a church, involved in your love life, that's ridiculous. However, just because you don't get married, doesn't mean there won't be complications if you split up. A friend of mine split up with his girlfriend after fifteen years, and two children. They owned houses together, they had credit together. Two years later, he's still trying to sort it out. If I were to divorce, it would be much simpler than that. It's all dependent on one's personal situation.
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