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May 3, 2024 · Getting married has financial consequences. Here’s how you and your spouse can plan for positive ones.
- Acquiring Property: You Become an Us. One of the most important legal changes that occurs when you get married is the acquisition of “marital property”.
- Sharing Retirement Benefits. Some of the property that you acquire during your marriage might not even look like property, like retirement accounts, stocks, and other financial assets.
- Paying Taxes Together. Once you and your spouse are married, the government sees your marriage as the combination of two individuals into one entity. This change in status allows taxpayers to file as “married”, a change in tax status that provides many advantages.
- No Taxes on Most Gifts Between Spouses. Also on the tax front, spouses can generally give an unlimited amount of money or property to one another without paying taxes on the transfer.
Jun 28, 2024 · "Getting legally married can help you and your partner streamline and simplify your finances," explains Christina Greene, a Dallas-based Certified Public Accountant (CPA). From IRA benefits to social security to mortgages, learn more about the financial benefits of getting married below.
- Jamie Cuccinelli
Jun 25, 2018 · Researchers have identified a variety of trends that show how getting married changes people. There has historically been an idea that marriage is good for your physical and mental health, perhaps due to the idea that having a supportive partner can make a person healthier.
Dec 12, 2023 · In marrying, you are making a highly public act of faith, hope, and optimism. The public act of getting married makes your relationship something that others—friends and...
Get the government documents you need if you plan to get married in Ontario and learn what you need to do if you are a marriage officiant.
Marriage is more than just a celebration of love — it’s a legal commitment to another person. In this guide, we'll discuss what you should know before getting married or remarried, how to get married in Canada, and how marriage impacts you legally and financially.
