Worcester estate planning attorneys can help unmarried couples to make plans for their futures. Marriage confers a lot of estate planning benefits on couples, so the process of making plans for their legacies can be easier for two people who are married to each other. However, not everyone wants to get married, and you do not have to get married just to get legal protections in place. You can work with an experienced attorney to make an estate plan that works for you and your partner and provides you with many of the same protections that a married couple would get by virtue of their legal relationship.
The Law Offices of James A. Miller, P.C. has helped many couples, both married and unmarried, to make a comprehensive plan to address end-of-life issues and to make plans for what will happen after a death. Our legal team will work with you to create the personalized plan that are right for you and your family situation. Give us a call today to talk with Worcester estate planning attorneys who understand what is involved in making an estate plan for unmarried individuals who are in a committed partnership.
Why Do Unmarried Couples Need Help With Estate Planning?
Married couples face estate planning challenges because they need to ensure their partner is protected. If you are married and have no will, then your spouse is entitled to a portion, or all, of your assets under intestacy law depending upon whether you have certain other living relatives like children from outside of the marriage.
If you are not married and do not have a will, however, then you have no legal relationship with your romantic partner. If you pass away and have no will or estate plan in place, intestacy law would give your assets to other close blood relatives. Your partner could lose out on an inheritance you wanted to provide.
The absence of a legal relationship if you are romantically involved with someone outside of a marriage can also be a problem in the event of an incapacitating illness or injury. When you can no longer speak up for yourself, manage your assets or make medical decisions, someone is going to have to do these things for you.
Usually, that would be your spouse if you have not made any plans for someone else to act on your behalf. But, again, if your partner is not legally a member of your family, he or she might have difficulty even being able to visit you… much less having a say in your care or how assets are managed.
Finally, even if you do make a will or other estate plan and make plans to leave assets to your partner who you are not married to, you will not get to avoid estate tax like you would had you left assets to a spouse. You can transfer assets tax-free to a spouse who you are legally married to, but not to a romantic partner with whom you aren’t legally married.
How Can Worcester Estate Planning Attorneys Help?
Worcester estate planning attorneys can provide assistance in creating a power of attorney to give your partner authority to act on your behalf if you become incapacitated. We can also help you to make an estate plan that allows you to leave your assets to your partner and, for those with larger estates, we can help you to take steps that could reduce the amount of estate taxes that you may have to pay when either partner passes away and assets transfer.
Getting Help from Worcester Estate Planning Attorneys
The Law Offices of James A. Miller, P.C. knows the ins-and-outs of the estate planning process and we can provide the guidance and advice that you need to make a plan that works for you and your partner, as well as other loved ones in your family. Do not wait to make your plans and potentially leave your partner unprotected in case something happens to you. Give us a call today to get started on the planning process.
Our legal team can guide you though deciding what your estate planning goals are and making effective use of legal tools to achieve those goals. Download a free estate planning worksheet to find out more about the key components of en estate plan and give us a call at 866-370-3888 or contact us online to find out more about the ways in which our legal team can help you.
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