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common law marriage
In some states, a type of marriage in which couples can become legally married by living together for a long period of time, representing themselves as a married couple and intending to be married. Contrary to popular belief, the couple must intend to be married and act as though they are for a common law marriage to take effect -- merely living together for a long time won't do it.
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What is the "marriage penalty," and does it still exist?
We, engaged and living together, are 52 and 59 years of age, both divorced for many years, both from marriages that lasted 17 years. Our incomes are $40k and $45k annually. We are hearing that getting legally married would be a financial detriment as it relates to taxes and Social Security. Could this be true?
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