Marriage signifies a permanent commitment that is not available to unmarried cohabitors. It is important to most married couples. There are also many tangible benefits afforded to married couples that are not afforded to the unmarried, such as:
- The ability to receive spousal SS benefits (same for pension if you have one),
- No limit on gifts to a spouse,
- Ability to roll inherited IRA into spouse’s IRA
I’m sure there are some obvious ones that I’m forgetting. I have a list at the office if you want more.
Comment