Estate Planning for Same-Sex Couples
While some states now allow for same sex marriage, its legal landscape is still very much uncertain and changing. As such, estate and family planning for same-sex couples can be difficult to navigate, especially with regard to inheritance, tax and employment benefit issues. For this reason, estate planning for same- sex couples requires an innovative and experienced attorney who can put a comprehensive plan in place.
The Benefits of Estate Planning for Same-Sex Couples Include:
- Avoid the costs, delays, and publicity associated with probate, while providing for your partner and loved ones upon your death
- Utilize the Marital Deduction provided to spouses
- Utilize a deceased spouse’s unused coupon amount
- Enjoy complete, lifetime asset control and advanced tax planning
- Enable one partner to name the other for many purposes such as funeral arrangements, hospital visitation, and possession of personal property
- Plan for incapacity with a Durable Power of Attorney and an Advance Health Care Directive
- Provide for your children with a Child Protection Plan and, in situations where only one parent is legally recognized, protect the other parent’s rights should the legally recognized parent die or become incapacitated
