There are steps you can take now to ensure that you don’t get shut out when your partner needs you the most.
By taking the appropriate steps, you can avoid problems in the future.
Here is an excerpt from our LGBTQ Estate Planning page to help clear things up:
“Many states and local jurisdictions offer domestic partnerships, civil unions, or similar methods of legal recognition for same-sex relationships. The rights and responsibilities of registration vary substantially from jurisdiction to jurisdiction. For example, in some states, registration affects property rights between the partners.”
As you can see, there is a lot to know when it comes to LGBTQ estate planning. Fortunately, you can overcome any challenge that is thrown your way. Here are a few strategies to consider:
- A living trust to establish the person’s partner as the trustee.
- A health care power of attorney to ensure that the right person is making medical decisions in the event that you are incapacitated.
- An estate plan that guarantees the person’s assets are distributed according to his or her wishes.
It can be hard to deal with all of the challenges that face the LGBTQ community in regards to estate planning. You will have many questions on your mind, including where to turn for help, which decisions make the most sense, and how you can avoid additional challenges and stress down the line.
We know there are challenges associated with LGBTQ estate planning. We also know exactly what you can do to overcome these challenges. We take great pride in helping you reach all your estate planning goals.
The strategies above, combined with others, may be just what you need to feel better about the future, both for you and your partner. Contact us with your questions and/or to setup a consultation.