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Gay Partners Must Plan Ahead

Gay Partners Must Plan Ahead

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Published by Bradley Anderson
The subject of same-sex marriage is a controversial one and the legalities surrounding these unions are always being questioned.
The subject of same-sex marriage is a controversial one and the legalities surrounding these unions are always being questioned.

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Categories:Types, Business/Law
Published by: Bradley Anderson on Jan 01, 2012
Copyright:Attribution Non-commercial

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05/13/2014

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Gay Partners Must Plan Ahead

The subject of same-sex marriage is a controversial one and the legalities surrounding these unions are always being questioned. At the present time, at the federal level marriages between people of the same sex are not recognized. Most states don't recognize marriages between gay couples either, and this would include the state of Nevada. The only states that do allow such unions are Massachusetts, Connecticut, New Hampshire, Iowa, New York, and Vermont. Same-sex unions are also recognized in the District of Columbia. Because of the fact that there is no legally binding connection when you are involved in a same-sex union you have to take legal steps to assert your wishes. This makes estate planning especially important for gay couples who are engaged in long-term committed relationships. You can make sure that property would be transferred to your partner in the event of your death by implementing joint ownership strategies, and this would enable the transfer to take place outside of the costly and time-consuming process of probate. A revocable living trust would assure that each partner has the use and benefits of the assets, but at the survivor’s death the assets could be divided according to the desire of both parties. It would also be wise to execute advance health care directives such as a living will and a durable power of attorney that empowers your partner to make medical decisions in your behalf should you become unable to do so. If you are going through life without a plan for the future you are putting yourself and your partner at risk. Action is required, and the first step is to simply pick up the phone and arrange for a consultation with an experienced Reno estate planning attorney. Experienced estate planning attorneys Reno NV of the Anderson Dorn & Rader Ltd offers estate planning and business planning resources to residents of Reno NV. To learn more about these free resources, please visit http://www.probatebusters.com today.

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