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The Benefits of Domestic Partnership

The Benefits of Domestic Partnership

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What are the qualifications for a domestic partnership? Tradition’s Frani Feit answers this question on NJ.com.

Q. For opposite sex couples, must both be over 62 years old for a domestic partnership? Are there other qualifiers?
— Just curious

A. In New Jersey, domestic partnerships for opposite sex couples apply to unmarried couples who are both age 62 or older, have a common residence, and who share a common, interpersonal domestic life.

That doesn’t mean you have to be romantically involved. Some seniors who are just friends have taken advantage of what a domestic partnership offers.

To qualify, neither partner can be married or be a part of another domestic partnership, said Frani Feit, a certified financial planner with Tradition Capital Management in Summit.

Read the entire article on NJ.com.

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