I have a lot of money from my 1st marriage, husband now deceased, New companion does not have the funds should he need a nursing home. Want to ensure my money goes to my children not his care. Is there a way to marry and not be responsible? Or is it best if we just stay living together?
If you marry - your assets will be viewed jointly. If you have assets and gift them to your children, or into a trust, there is a five year look back for that money. There are certain advantages and disadvantages to each option of marrying or not marrying and you should explore all of them before making a decision.
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