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Christopher Finch: Will you marry me (for tax purposes)?
['Christopher Finch']
Money Marketing
There can be many reasons to marry the person you love, but perhaps one of the less romantic is for tax purposes.
Shutterstock / Andrey_PopovThis is legitimate financial advice for some couples, particularly those later in life who are considering inheritance tax (IHT) planning.
Yet marriage also brings with it a host of legal rights and responsibilities that those marrying primarily for tax purposes may not have fully considered.
Like many things in family law, it is about context.
The message for advisers is clear: by all means recommend marriage where the tax advantages justify it, but make sure your client takes family law advice first.