Yes. If you’re part of the Lesbian, Gay, Bisexual, and Transgender community, a Living Trust offers protection for your estate, as well. It will completely eliminate a living probate, a death probate, … [Read more...] about Is a Living Trust a good idea for a LGBTQ person?
Yes. The default in state law, called “intestacy,” is designed with married couples in mind. If a married couple dies without any estate plan, the survivor will get a good portion of the assets left … [Read more...] about Do unmarried couples have to plan more than married couples do?
Only your Will is a matter of public record. Your Revocable Living Trust and your Powers of Attorney are not public. Therefore, by using a Revocable Living Trust you can maintain the privacy of your … [Read more...] about Are my estate planning documents a matter of public record?
Maybe. Federal law allows married couples to give each other an unlimited amount of property without gift tax during life or estate tax at death. Federal law does not recognize non-marriage … [Read more...] about Is there a tax if I give some of my property to my spouse or partner?
Unless your spouse or partner has adopted your minor children, a court would decide what would be in the child’s best interest. Typically, your family of origin and that of the child’s other … [Read more...] about Will my spouse or partner be appointed guardian of my minor child?
Yes, if you are married or in a registered relationship and in a state which recognizes that relationship. However, if you’re either, i) not married or in a registered relationship, or ii) you are in … [Read more...] about Can I make decisions about my spouse or partner’s remains?
If you are married or in a state that recognizes civil unions or domestic partnerships and you register as such, proof of such registration would be sufficient. Otherwise, you would need to have your … [Read more...] about How can I be sure that I will be allowed to visit my spouse or partner in the hospital or assisted living facility?
If you are in a marriage, registered domestic partnership, or civil union, recognized by the state in which you live, your spouse or partner can make those decisions for you. If you are not in a … [Read more...] about Can my spouse or partner make medical decisions for me if I’m sick?
No, you have to do estate planning in order to allow your spouse or partner to have that authority. Specifically, by designating your spouse or partner as agent under a General Durable (Financial) … [Read more...] about Can my spouse or partner handle my financial affairs if I am incapacitated?
There are many important reasons to create an estate plan, such as avoiding probate, minimizing taxes and providing creditor and divorce protection for beneficiaries. … [Read more...] about I’m married, why do I need to plan