Estate Planning For Life Partners

Life partners who are unmarried have very specific needs which are often not met sufficiently through basic legal document services. But at Smarter Will, we’ve got you covered with a Smarter Will Pack for Life Partners .

If you are unmarried, yet in a committed relationship, a basic last will is essential for both you and your partner. Without a last will, your assets will be distributed to your closest relatives through a court process called probate. These closest relatives do not legally include your partner.

Advance medical directives are also essential tools. These documents (property power of attorney, healthcare power of attorney, living will, and HIPAA authorization form) give unmarried couples the right to make medical and financial decisions on each others’ behalves and to access important medical information for each other. This is especially important in cases of emergency or incapacitation, when red tape is the last thing you want to deal with.

In many circumstances, a living trust should also be set up for each partner. This more advanced estate planning tool can be essential for individuals with a certain amount of assets built up.