Reply to Who here has a long term partner that they never plan to marry?

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[quote=Anonymous][quote=Anonymous]I’m a 67 year old man and a widower and I’ve been with a woman for 6 years and we’ve lived together for 5 years with no intention of getting married. We both have 2-3 children who are all married and we each have a few grandchildren. We both have a high net worth though mine is likely 2-3 times hers. We live in my home and I cover most of the expenses excluding most of the groceries which she buys. Our finances are completely separate so when she is buying things for herself or her family it comes from her accounts and the same with me. When we travel we do our best to split the costs. Nothing in my will would go to her except that she could live in my home for a year before the estate would sell it. Getting married would lead to a level of financial complexity that’s just not worth it to either of us and if the relationship went south that would be just as bad. [/quote]

If I were her, I'd have a problem with the caveat that I could only live in your house for a year post your demise.   And if you care for her future, you might want to revisit that.

Sure, it's your property but imagine ten years from now she is in her 70s, perhaps not in the best of health.  Your house has been her HOME, and now she will have to uproot herself and find a new place to live within a year.    Not to mention prices will have gone up and she may have trouble affording something else.  She could wind up in sub-standard living situation at a very fragile time of life.    Even if she could afford something comparable, it's very hard to be uprooted and move - on top of grieving over YOUR death.

Why not let her live in the house until her demise with it going to the estate then?    [/quote]

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