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LGBT Estate Planning

Estate planning is important for every singe person.,  Everyone has an Estate and everyone needs to have an estate plan in place.  This includes, single, married, straight, and LGBT  (Lesbian, Gay, Bisexual, Transgender)

Even if you reside in Massachusetts, a state that recognizes same-sex marriage, estate planning is extremely critical in the event of moving or traveling to other states and jurisdictions which do not recognize same-sex marriage rights.  By setting up an estate plan, it puts you an your spouse at peace of mind knowing that your assets will be distributed according to your wishes.

If you are married same-sex couple that lives in a state that doesnt recognize same-sex marriage, proper estate planning is crucial in order to ensure that you will each inherit from the other in the event that one of you passes away.  This is the same situation if you are an unmarried same-sex couple, the same issues come up as to who will inherit your assets if you pass away.  By setting up a estate plan, you can decide to whom your estate will go to and in what manner.

You will be able to appoint your same-sex partner as a Trustee, Personal Representative, Durable Power of Attorney, and/or Health Care Proxy if you wish.  All you have to do is set up an estate plan.  Furthermore, a Trust will grant you privacy because it will not have to go through the public probate process.  This is often important to same-sex couples who wish that their lives remain confidential.