Estate Planning for the LGBT Community

There was once a time when estate planning for the LGBT community was a very particular, specialized endeavor. This was because of the fact that the federal and state laws did not recognize same-sex marriages. At that time, if you did not have an estate plan as a married person, your surviving spouse would have certain rights. This was not a possibility for committed same-sex couples. At the present time, same-sex marriages are legal in the state of California, and they are also being recognized on the federal level. As a result, we are all participating on a level playing field with regard to legal protections. However, this does not mean that estate planning is not important for people who are legally married, regardless of their sexual orientation. Asset Transfer Vehicles There are various different ways to transfer assets, and the optimal course of action will vary on a case-by-case basis. Many people assume that a last will is the only way to go, but there are a number of diffe
http://www.norcalplanners.com/blog/lgbt-estate-planning/estate-planning-lgbt-community/

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