Tying the Financial Knot: Estate Planning for Unmarried Couples

Online exclusive

Tying the Financial Knot: Estate Planning for Unmarried Couples

Online exclusive

Over the past few decades, the United States has seen a consistent decline in the number of couples opting to marry: In 2012, about 20 percent of adults ages 25 and older had never been married, compared with 9 percent in 1960.* However, this does not mean people are no longer in long-term relationships — many couples simply remain unmarried. “The marriage paradigm is changing. In previous generations, marriage was a cornerstone: Couples dated, got married, lived together, then had children. Today, couples may build a life together before they marry, making marriage a capstone experience,” says Hugh Magill, Northern Trust’s chief fiduciary officer and global director of Trust Services.


* “Record Share of Americans Have Never Married,” Pew Research Center, 2014

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