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Relationship Discussion (non-explicit)
Reply to "Longterm couples who aren't married and keep separate finances"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]If there is 100% trust, commitment and love, you do a medical POA and Power of attorney/transfer upon death/sole heir for surviving partner. A friend is going through this now with her older partner. She isn't dipping out as his life comes to an end. She is managing his affairs and arranging care. She does what she can, as she can. He won't leave much behind, but whatever is left is hers. His children were written out of the will decades ago and in all updates.[/quote] Good for her. In many cases unmarried women take care of much older men and get nothing [/quote] She has her own money. What she got from him was a long relationship, companionship and a fun travel partner. I think it is an honor to care for your loved one as they die. She isn't doing this for money, but out of love.[/quote] Would she be doing it at her own expense and if all his money went to his kids/siblings upon his death? I strongly doubt so[/quote] You are ignoring the fact that if he is unmarried, then all HIS assets would be attached/used for his care and/or medical bills. There wouldn't be much left in his accounts to go to his kids when he died. [/quote]
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