What is a Pourover Will?
A pourover will is a will used in connection with a trust. A pourover will is like any other will, except that the primary beneficiary is your living trust.
A pourover will is a will used in connection with a trust. A pourover will is like any other will, except that the primary beneficiary is your living trust.
Proper estate planning by an attorney who is a member of the LGBTQ+ community ensures you are working with someone who understands your unique needs. Ensuring your assets will go to who you want, your estate is managed by the person of your choice, and in the event you are incapacitated, your medical decision and financial matters are handled by the person you want, is essential to protecting yourself as a member of the LGBTQ+ community.
Estate planning is personal. When selecting your estate planning attorney, it is important to work with someone who understands your unique needs, including where you come from, where you're going, and the people who matter most to you; all essential elements to creating an estate plan that works for you.
The best way to protect your home from probate is to transfer it into a Living Trust. Creating a Living Trust allows for the easy transfer of your home and saves thousands of dollars after you pass away.
Who will make legal, financial and medical decisions for you if you can't? Your spouse or partner? Maybe. But if you don't have one, then who? A judge? A court appointed stranger? An unwanted family member? The Law Offices of Eric A. Rudolph P.C. provides specialized knowledge and dedicated guidance for the LGBT community that simplifies creating an estate plan to protect you and your loved ones.
On June 26, 2013, the US Supreme Court in a 5-4 decision in United States v. Windsor declared unconstitutional Section III of the Federal Defense of Marriage Act (DOMA) which defined marriage solely as a legal union between a man and a woman. This landmark decision has far-reaching implications that significantly expand estate planning and tax-planning opportunities for same-sex married couples. Under the Supreme Court’s ruling, same-sex couples who are legally married now enjoy marital recognition at both the federal and state level. This ruling [...]
Estate Planning for the LGBT CommunityOne of the biggest mistakes members of the LGBT Community can make is failing to properly set up an estate plan – the results of which can be devastating.If you do not have an estate plan and rely upon just holding property in joint tenancy as your estate plan, is the equivalent to giving up control of one's estate, as well as giving up management of one's health, finances and well-being in times of incapacity.The need for an estate plan [...]
Learn more about Estate Planning for Same Sex Couple and why it is important to have an estate plan in place.Proper estate planning by same sex couples will ensure their assets will go to whom they want, their estate will be managed by who they want, and in the event they are incapacitated, their medical decision and financial matters will be handled by the person they want. It is very important that every member of the LGBTQ community, whether registered domestic partners or not, creates [...]
Have you and your same sex unmarried partner created a will, talked to an estate planning attorney, or even given estate planning a second thought? If not, you need to consider doing so, not only to protect your partner, but to protect yourself as well.
Are you in an unmarried same-sex domestic partnership? Have you and your domestic partner created a Will, talked to an estate planning attorney, or even given estate planning a second thought? If not, you need to consider doing so sooner rather than later, not only to protect your partner, but to protect yourself as well.