Couples who marry in later life often have a much better sense of what they want from a relationship. If you’re marrying again after divorce, you may be keen to get things right this time. If you’ve been bereaved, it can be another chance to enjoy love and romance. But starting again can be difficult.
Managing your money
When you marry or enter into a civil partnership your financial position will change. It’s up to you how you manage your money but you’ll need to think about whether you’ll organise your finances jointly or separately. You may have very different approaches to money so it’s important to be clear from the start about how you want to pay for things and make decisions. Try to avoid a situation where only one of you understands your finances.
You could consider having a prenuptial agreement (a prenup), which is a written contract setting out what you’ve agreed. You can also have a postnuptial agreement (postnup) after you’ve married or become civil partners. These agreements aren’t legally binding but will be considered by the courts if you later get divorced or dissolve your civil partnership.
If you’re living together but not married or in a civil partnership, you have fewer rights so it’s a good idea to draw up a living together agreement.You should also make a legal agreement about how you will share your property. This is called a declaration of trust (or deed of trust). You can find more information on the Citizens Advice website. You should get legal advice if you do this (see below).
If you need independent financial advice, contact SOLLA (theSociety of Later Life Advisers) or Unbiased.
If you’re getting Universal Credit or any other means-tested benefits, including Council Tax Support and Pension Credit, your new partner’s income, savings, property and investments will now be taken into account. You’ll need to tell the relevant benefits offices, local council departments and the Pension Service that you’ve remarried or you’re living with a new partner as soon as possible.
If you’re receiving Pension Credit and your new partner is below State Pension age, you could lose your entitlement to Pension Credit. Call our Helpline to arrange to speak to an adviser if you think this might affect you.
To check the benefits you qualify for, use our benefits calculator or call our Helpline.
If you reached State Pension age before 6 April 2016, you may be able to use part of your former spouse or partner’s National Insurance record to count towards your State Pension.
The new State Pension is based on your own National Insurance record and you can’t usually use your former partner or spouse’s National Insurance record. Contact the Future Pension Centre helpline for more advice.
Other pension schemes have different rules about your rights to a former partner or spouse’s pension if you remarry. You should check your position with the pension provider.
If you belong to a pension scheme, you may want to change your nominated beneficiary. This is the person who receives any benefits from the scheme when you die.
As soon as you remarry or enter into a new civil partnership, any will that you’ve written is normally no longer valid. You’ll need to write a new will if you want to make sure that your beneficiaries get what you intend – for example, your children from your first marriage. If you’re only making minor changes, you may just need to add an additional clause, called a codicil, to your previous will.
If you receive maintenance for yourself from your ex-spouse, this will stop when you remarry. It can also stop if you live with another person as their partner or civil partner. It's a good idea to get legal advice if you're in this situation.
Setting up home with a new partner can be stressful because of the many changes involved, such as moving to a new home and getting used to a different way of doing things. You may have become set in your ways and some of the problems you faced in your previous relationships can influence how you relate now.
It can be hard to change habits but try to approach a new relationship as a fresh start. Talk to your new partner about your hopes and expectations. You could consider relationship counselling to help you prepare for your new marriage or civil partnership.
Although many people will be happy for you, it’s worth bearing in mind that there could be some tensions. Telling your children that you’re getting remarried or entering a new partnership can be a difficult conversation no matter how old they are. They may find it difficult to accept your new partner because they feel it’s disloyal to their other parent. Or they may struggle to accept your new relationship after a bereavement. There could also be some resentment if their inheritance is affected. And your new relationship may mean making changes to existing arrangements with grandchildren.
Your friends may also feel disloyal to your former partner and your new partner may not like being around your old friends, especially if they feel that they’re being compared.
You may worry about how to move forward without hurting feelings or damaging relationships. For advice on managing relationships, get in touch with Relate or Relationships Scotland.