Planning for the future is never easy, and LGBT estate planning is something many people avoid. In comparison, estate planning is arguably even more critical for LGBT couples than it is for straight couples. Given the ever-changing laws and court decisions covering gay marriage and related financial benefits, couples are best served when they prepare an estate plan and update it on a regular basis. The Gay Family Law Center can provide you with a roadmap for estate planning, as well as ensure that your plan stays current.
Two crucial aspects of estate planning are wills and trusts. But same-sex estate planning consists of other elements as well. For example, a living trust is just one mechanism whereby you can avoid probate; other strategies include joint ownership and transfer-on-death accounts.
Another aspect of gay estate planning is providing guidance about end-of-life care. Both you and your spouse or partner should have health care directives that spell out what types of treatment are acceptable and unacceptable to you, and who has the authority to make health care decisions on your behalf if you are not able to make them for yourself. When you have a health care directive, medical professionals won’t question the status or your relationship.
In addition, you and your spouse or partner should develop a plan to give one another (or someone else) durable power of attorney over your finances. Again, with a durable power of attorney in place, the status of your relationship won’t be questioned should you become incapacitated.
Finally, as part of the LGBT estate planning process, you should develop an outline of your final wishes, such as how and where you would like your body laid to rest, what you would like at your funeral or memorial service, and so forth. Such an outline will prevent your spouse and partner from being challenged in his or her time of grief.
Just like families, family challenges come in all shapes and sizes. Some are universal, while others are specific to the LGBT experience. Some LGBT family law issues are straightforward and easily managed, while others are complicated and arduous. At the Gay Family Law Center, we understand that family law isn’t a one-size-fits-all proposition.
The Gay Family Law Center has an unparalleled depth and breadth of knowledge in LGBT estate planning issues. And, because we exclusively serve the LGBT community in Los Angeles and surrounding areas, we understand your concerns and honor your unique experience. Our family attorneys have deep expertise in LGBT family law and an unwavering commitment to achieve the best outcome for you and your family.
If you’re part of the Greater Los Angeles LGBT community and are contemplating estate planning, it’s crucial to get legal assistance from the Gay Family Law Center.
Remember, when it comes to LGBT family law, you deserve a firm that understands how the nuances of the law can impact you. You deserve a firm that stands by your side. You deserve the Gay Family Law Center.
For a free consultation without any obligation call 855-LAW-LGBT (855-529-5428)!