When committing to another person and beginning a new stage in life, obtaining a marriage license is one of the small, but more sentimental parts of getting married. It signifies the new stage in your life with your spouse, along with the state officially recognizing you as a married couple that has new rights due to the marriage license.
Once you begin to file your taxes with a marriage license, there are several tax benefits that include greater charitable contribution deductions as the each spouse's income is considered the deductible amount, which can save current taxes. It also takes less time to prepare taxes with a married couple and is much easier in the long run each year due to the marriage license.
When obtaining a marriage license, you can rest assured knowing that your medical benefits will also have the chance to improve as you are now legally able to make medical decisions for your spouse because of the marriage license. You'll also have the right to visit your spouse in the hospital outside of visiting hours. If death should occur, you have the right to make all of the burial decisions, along with any examinations or procedures that need to be performed after the death. This is only possible due to the marriage license.
Having a marriage license can also protect the assets of the couple if one of them should die. If your spouse doesn't have a will, you are legally the beneficiary to all of the assets. This includes stocks, property, vehicles, and investments. One of the most tragic situations is when a couple doesn't have a marriage license and when one of them dies the spouse obtains none of the assets and loses possibly everything.
When you have a marriage license, it also means sharing social security benefits with your spouse, along with Medicare and disability benefits. Having a marriage license also means getting veterans' and military benefits, which include medical, education, and certain loans.
When looking for your dream home with your spouse, you might not suspect that having a marriage license will determine where you live and what options you have on the type of home you'll live in and the location. Many areas only permit families to live in a certain home, which can limit your options without having a marriage license. Your spouse will also be able to sign any new leases and renew the lease if you are legally married with a marriage license.
Added benefits to having a marriage license include certain visiting rights if one spouse is incarcerated, crime victims' recovery benefits, and being able to sue for anything that affects the success of your marriage.
Although many people are hesitant to register for a marriage license because they don't feel the government needs to be the one to recognize the solidity of their marriage, there are actually more benefits than drawbacks that will be more beneficial for your financial success and ensure the stability of your marriage in the event of an emergency with a marriage license.