Planning for the Unwed

Financial advisers and estate attorneys have recently found a niche area working with unmarried couples who have to deal with the same financial issues as those who are married. These unmarried couples just don’t have the certificate that simplifies the process. Unmarried couples account for about 6% of American households.

Professionals who have branched out to serve this group can hardly keep up with the demand. There is still concern because issues in this area can be so complex that even specialists devoted to this kind of planning can mess up, and those mistakes cause big problems. In spite of this concern though, even a little planning can go a long way for unmarried couples.

See Charles Passy, Financial Planners Are Wooing the Unwed, SmartMoney Magazine, May 16, 2012.

Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.