Living together or getting married? Exploring choices within the Florida state framework Cohabiting couples today have more options than ever, especially in Florida. But how can you figure out what works best for you? Exploring the range of relationship commitments within the Florida state framework is key to living richly on a budget. Learn how living the high life doesn’t always mean getting lawfully married. What is the legal definition of a common law union in Florida? In Florida, a common law marriage exists if you have: While common law marriage may seem like an excellent solution to loving partners without funds or time for a full-blown wedding, it’s subject to various stipulations that make it a legal option in certain circumstances only. The concept of common law marriage was immutable until relatively recently. Beginning January 1, 2016, the state of Florida officially announced the end of customary marriage for all who decide to practice this style of relationship going forward. However, couples who lived together as husband and wife prior to January 1, 2016, and who meet state requirements may still be legally married through common law status.
Exploring why legally recognizing your union is so important While you may have heard of couples living “common law” in other states, Florida is very specific when it comes to recognizing cohabitation unions in legal terms. Namely, common law marriage isn’t available to new partnerships in the sunshine state. Previously married and legally recognized common law partnerships do remain in place; however, couples previously unmarried are simply not entitled to the same benefits and protections under the law.
How does common law marriage affect your finances? In terms of financial responsibilities and growing equity as a couple, recognition of your legally defined relationship matters quite a lot. For instance, past due debt, tax or penalties may place your current earnings at risk when banks, credit organizations, and other financial institutions consider including your partner in the equation. Explore the possibilities of living a fulfilled partnership without legal marriage While living together without getting legally married offers some striking advantages – like maintaining your individual ability to file into certain tax brackets instead of being taxed as jointly-married- you may be required to file together or separately. Since you have made the choice to eschew marriage, you will need to prepare for the contingency where you achieve financial success as individuals only to find it difficult to share the wealth with your partner come tax time. Getting married will entitle you and your partner to make joint filings, potentially saving you a significant amount of money come tax time. Furthermore, the continuation of your partnership once the death of a partner occurs would legally entitle you to protection, reducing the chances of being kicked out of your own home in a worst-case scenario.
Need to celebrate in style? Here are 10 ideas! While you and your partner are not entitled to any legal recognition as a common law union, it doesn’t mean you don’t deserve to celebrate your relationship in style. In lieu of booking an expansive ballroom venue for your nuptials, consider smaller scale events that allow you to enjoy the celebration without regard to extensive financial outlay.
Legal documentation couples should consider when living in Florida While you may enjoy the freedom of living together without the commitments of traditional marriage, there are few ways to get around acknowledging a significant relationship. Here are a few important legal documents every couple should consider: More incredible weekend getaways and experiences in beautiful Florida While destinations like Orlando and Tampa are world-famous for fun times all year-round, there are other beautiful spots throughout the state to explore. Consider these ideas for a great getaway: Where to find more information on laws related to recognizing romantic relationships in Florida While it may be tempting to see living together as a potential loophole toward achieving a fulfilling yet affordable life, the reality is that there are few options available to non-married couples in Florida.