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3 Estate Planning Issues For LGBTQ Couplesā€”Part 2

 3 Estate Planning Issues For LGBTQ Couples—Part 2

 

Whether you are married, in a committed partnership, or buying homes with chosen family (platonic or otherwise), estate planning is about much more than planning for death—it's about planning for life. It's the way to ensure your beloved will be protected and provided for in the event of your death or incapacity. As members of the LGBTQIA+ community, it's more important for us and our families to get a handle on our estates than anyone. 

 

Although marriage equality (for the LGBTQIA+ community) is legally recognized in all 50 states, long-held prejudice at both the political and family level continues to create complications for both married and unmarried queer families. For example, suppose you have family members who are opposed to your marriage/chosen family living situations. In that case, your estate plan may be more likely to be disputed or even sabotaged by unsupportive relatives. This...

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10 Things You Should Know About Living Wills

When it comes to estate planning, you’ve most likely heard people mention a couple of different types of wills. The most common is a “last will and testament,” which is also known simply as a “will.” But you may have also heard people talk about what’s called a “living will.”

Both terms describe important legal documents used in estate planning, but their purpose and the way in which they work is very different. In fact, using the term "living wills" is actually outdated in many states and not used anymore.

Let's talk about some of the most critical things you should know about what living wills are, and why having updated documents to replace these, is an essential part of every adult’s estate plan and how to get yours created or updated. 

1. What Is A Living Will?

A living will, in some states is often called an “advance healthcare directive,” and is a legal document that tells your loved ones and doctors how...

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