As a member of the LGBTQ (lesbian, gay, bisexual, and transgender) community, it’s critical that you create a comprehensive estate plan that is aligned with both state and federal laws.
On the plus side, LGBTQ issues are gaining ground, thus giving members of this valued community more legal rights than ever before. Conversely, due to all the recent changes in regards to estate planning, it can be a challenge to make all the right decisions.
The Importance of LGBTQ Estate Planning
There used to be a time, not that long ago, when LGBTQ issues were swept under the rug. Fortunately, this is no longer the case throughout the country. Now, with the right to same-sex marriage, you can live the life you’ve always wanted.
When it comes to estate planning, there are a variety of potential legal issues facing members of the LGBTQ community. Consider the following:
- Children: If you have children or plan on becoming parents in the future, take the steps necessary to ensure that both parents have equal legal rights.
- Decision making: For example, if you’re incapacitated, you want the right person to have the legal authority to make medical decisions on your behalf. But, if you’re not legally married, your partner will only have that power should you plan ahead.
- Outside interference: It’s common for family members, in particular, to challenge your estate plan if you’re involved in a same-sex relationship. For example, if you have an unsupportive parent or sibling, they may attempt to take legal action upon your passing. A solid, all-inclusive estate plan is the best way to protect against these challenges.
At our law firm, we understand the unique legal issues and challenges associated with LGBTQ estate planning. We can help you plan for and prevent issues, both now and in the future. Contact us to set up a consultation and learn more about the services we provide.
