Not all couples want to be married, but there are some legal benefits that come with a government-recognized union. Unmarried couples should consider the following 9 Estate Planning tips...
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Estate Planning Tips for Unmarried Couples: United States

Farm Bureau Financial
July 11th, 2025

Not all couples want to be married, but there are some legal benefits that come with a government-recognized union. Unmarried couples should consider the following Estate Planning tips…

Are you thinking that because you live together, you are common law married? In reality, few states recognized common law marriage, and those that do have specific requirements – it’s not necessarily enough to live together. It’s best to take all steps necessary to ensure that your partner is recognized as someone who can speak on your behalf for legal, medical and financial decisions. 

  1. Set Up a Durable Power of Attorney (POA)
  2. Create a Living Will With Health Care Proxy
  3. Establish Joint Ownership of Property
  4. Create a Cohabitation Agreement
  5. Purchase Life Insurance
  6. Name Your Partner as a Retirement Beneficiary
  7. Be Aware of Requirements for Inherited Retirement Accounts
  8. Name Your Partner as Executor of Your Will
  9. Understand Your Estate Tax Liability

As you think about your estate plan, assemble a team that you trust to help you prepare for the future…