Estate Planning Tips for LGBT Families

Male couple posing with son, daughter and dogLGBT families are experiencing serious financial implications in the aftermath of the Supreme Court’s ruling legalizing same sex marriage in all states.

The ruling allows same-sex couples to joint file for tax purposes but it also changes the rules for estate planning, says a story in the Huffington Post.

A few tips for such couples:

  • Create a will. Failing to create a will is one of the biggest mistakes made by members of LGBT couples, the story says.
  • Consider a prenup.
  • Have a power of attorney.
  • Understand the estate tax regulations in your state.
  • Prepare for the unexpected. This may include a domestic partnership agreement, a living will or a living trust.
  •  Plan for your final arrangements.


If you have questions about estate planning, feel free to contact us for a consultation at (626) 696-3145.

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