I've been with my OH for over 10 years. We're not married. I see no reason why we'd ever split up, but if it did happen I'm wondering if financially I could be worse off as a result, and if there is anything I should do to avoid this. I know one side (normally the woman) is often worse off in an ummarried break up compared to a married one but don't understand if this would be the same in our case.
We have earnt more than each other at varying times in our relationship. I have left work for a couple of years to be a SAHM and then intend to go back to work, probably part time. In making this decision we made him the primary earner.
- We own our house (part mortgaged), are both named on the mortgage and joint own it.
- We have mirror wills. If one died everything goes to the other.
- Although not married, we registered our children's births together to give him shared parental responsibility.
- I am the beneficiary of his life insurance.
- He pays into a work pension, I currently am not paying into a pension, this worries me a bit, although I don't understand if being married would give me any security here?
- As primary earner his salary pays most household expenses. His personal spending is higher than mine but I'm ok with that (I'm just better at being frugal).
Am I missing anything here?