Same Sex Partners and Unmarried Couples have special and unique estate planning needs. Advanced planning is needed in order to put certain safeguards in place to protect you and your loved one from a host of potential problems. These potential problems may include issues dealing with your loved one’s medical matters, difficulty dealing with unfriendly relatives who might interfere and try to destroy property interests, as well as involvement in medical, financial and end of life decision making, as well as other issues which can impact numerous other aspects of your and your partner’s lives as well.
Protect Your Rights
As you may know, gay, lesbian and unmarried couples are not provided the same rights as are married, heterosexual couples. Several of the most common rights afforded to married couples, but not to same sex partners or to unmarried couples, include:
- Preferences under rules for healthcare and disability
- Protections under state probate inheritance laws
- Ability to transfer large sums of money to one another during lifetime and upon death without gift tax or estate tax liability
- Survivor’s benefits under pension, retirement and social security
- The ability to receive alimony and other property rights upon termination of marriage
Although gay, lesbian and unmarried couples do not automatically receive these rights, proper planning can afford many similar protections and benefits.
The Power of Planning for Same Sex Partners and Unmarried Couples
At Schnurr Law Firm, we can assist in protecting you and your loved one by crafting a comprehensive and thoughtful Estate Plan, which incorporates incapacity planning, wealth transfer planning and beneficiary protection planning. We can also help you establish a Cohabitation Agreement which specifies asset ownership as well as liability issues for you and your partner, applicable both during your lives together and in the event of the end of your relationship.
Contact Schnurr Law Firm for planning for Same Sex Partners or Unmarried Couples
Schnurr Law Firm, PLLC serve clients throughout the greater Houston area, including, but not limited to Houston, Bellaire, West University, Sugar Land, Missouri City, Richmond, Rosenberg, Katy, Cypress, The Woodlands, Kingwood, League City, Webster, Clear Lake, Pearland, Angleton, and throughout Harris County, Fort Bend County, Montgomery County, Brazoria County and Galveston County.