Can you have an estate plan as an unmarried couple?
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This video is for informative purposes only. It is not intended as legal advice. Small details can have big consequences. Want to know more about Estate Planning, schedule a free consultation with us.
If you want to learn more about this check our short article here.
If you are in a committed relationship and you are not married, it is actually very important to have done some thinking about an estate plan.
One of the reasons for this is because under state law, if you are married, there are some protections that you have as a spouse that people will transfer to you automatically. As a spouse you have some legal rights about things such as medical information. If you are not a married couple, then under the law you are a stranger.
With an estate plan you can establish that this person that you are with has some legal rights not only to receive property if you pass away, but also to make decisions for you if you are in the hospital and to have access to information. There are times where we have created an estate plan that functionally mimics all of the legal protections that a married couple has without requiring that they go through the legal process of being married.
Not only is it perfectly possible to do estate planning as an unmarried couple, it is really a good idea to do.
If you would like to know more about the topic, just reach out for a Free Consultation. We can help.