For LGBTQ families there some considerations regarding estate planning that you need to review. Depending on your relationship status, if you have kids, the state of past relationships, and changes in pronouns all can affect your estate plan. Although the 2015 Supreme Court decision established that tax treatment for married couples will be the same whether same sex or heterosexual, it doesn’t mean everything regarding your estate plan was resolved. An article from Mass Mutual’s blog highlights why LGBTQ families should establish and/or review their estate plan in their article, “Estate Planning for LGBTQ Couples”.
Married or Not – On June 26, 2015 when the Supreme Court made the monumental ruling that the Constitution guarantees a right to same-sex marriage. Many rights were now opened to couples in the LGBTQ community. A lot of the complexity surrounding estate planning was removed. Regardless if you decided to get married and/or chose not to marry because you don’t feel they need to in order to express your commitment, there are various estate planning areas to review.