LGBTQ+ Retirement And Estate Considerations-4

No one wants to think about what happens when you’re no longer here. But estate strategies can be even more complicated if you’re a member of the LGBTQ+ community, especially if you’re unmarried.

While the 2015 Obergefell v. Hodges Supreme Court decision allowed LGBTQ+ couples to marry, complete with all the legal protections afforded other married couples, there may still be some loopholes in your estate strategy. You may need to go beyond a will to confirm that your assets will be transferred according to your wishes and that you have the right documents in place to ensure that your spouse or partner can make decisions on your behalf, should the need arise. These additional strategies may include a medical power of attorney and a trust.

Setting up your estate strategy can seem daunting at first, but that’s what I’m here for. I’m happy to work with you and your tax and legal professionals to help you prepare for the future.

^{The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite, LLC, is not affiliated with the named representative, broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information and should not be considered a solicitation for the purchase or sale of any security.}