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There’s a growing number of unmarried couples buying homes together, and without proper planning the move may create future problems.
Indeed, 9% of home buyers were unmarried in 2020, according to the National Association of Realtors. While younger millennials, ages 22 to 30 years old, represent 20% of unmarried purchasers, acquiring property as partners is a cross-generational trend.
“It’s happening across the board, and everybody needs to be careful,” said Sheryl Dennis, estate planning attorney at law firm Fields and Dennis LLP in Wellesley, Massachusetts.
That’s because co-buyers have fewer protections and may face legal issues if the relationship…
Source cnbc.com