Many factors go into the decision to marry, and not all are romantic. Some of the factors are financial considerations, or they should be. Women in unmarried relationships face several financial risks due to the lack of legal protections afforded to married couples. Here are some key risks you should know as you make this important life decision. 

1. 1. One of the most significant financial risks for women in unmarried relationships is the lack of inheritance rights. Without a legal marriage, a woman does not automatically inherit her partner’s assets or receive survivor benefits like Social Security upon death. This underscores the importance of proper estate planning to safeguard your financial future.
   2. Another financial risk for women in unmarried relationships is the absence of rights to shared property. If a couple acquires property together, such as a home, the woman has no claim unless her name is on the title.  
   3. Limited access to partner’s finances: If they are legally married, a woman may be able to access her partner’s financial accounts, make medical decisions, or receive health insurance benefits.
   4. Tax disadvantages: Unmarried couples cannot file joint tax returns or take advantage of benefits like unlimited gift/estate tax exemptions between spouses. Their tax burden is often higher
   5. No legal obligation for financial support: An unmarried partner is not legally required to provide financial support or share debts/assets if the relationship ends.  

Nothing takes the romance out of the evening like talking about money, but having a meaningful and open conversation with your partner is important. You can consult a financial planner or advisor about protecting yourself in married or unmarried situations.