If you do not wish to get married but are in a relationship with your life partner, it is important to understand that you can create a comprehensive estate plan that will allow you to gain certain benefits that a married couple inherits. By creating an estate plan, you can achieve a significant portion of benefits that are automatically achieved by married couples. If you believe that you and your life partner would benefit by creating an estate plan together, continue reading and reach out to our experienced estate planning attorney to learn more about the process and how it can benefit you and your partner. Give our firm a call today to learn more about our service and how we can assist you in creating a comprehensive estate plan.
What is a Durable Power of Attorney?
A Durable Power of Attorney allows your partner to gain the authority to make important life decisions on your behalf, should you ever become incapacitated and are no longer able to make those decisions on your own. A Durable Power of Attorney is something that is recommended for all unmarried partners to establish. This power of attorney allows your partner to manage your finances and health care. For example, if you are sick, you will likely prefer your significant other to make key healthcare-related decisions on your behalf. You may also allow your spouse to make life-or-death medical decisions for you by establishing an Advanced Healthcare Directive in your estate plan. This will relate to any matters of life-sustaining treatments.
What is a letter of instruction?
A letter of instruction is used to assist unmarried couples to instruct their partners on how they would like things to be carried out after they pass away and vise versa. A letter of instruction allows you to provide your partner with the following important instructions and more:
- Where you keep certain assets
- Information about your online accounts
- Whether any bills need to be paid
- Other aspects of your estate plan that you want your partner to know after you pass
To draft your estate plan today, reach out to our experienced estate planning attorney today to get started. Our legal team of experienced estate planning attorneys is prepared to assist you and your life partner today. There are many ways to benefits from an estate plan. Begin this process as soon as possible by giving our firm a call.
Contact our experienced Montgomery County, Maryland firm
The attorneys at JD Katz have years of experience compassionately guiding clients in Maryland through the estate planning and administration process. Our firm also has experience with matters of elder law, business law, tax law, and litigation. For a legal team that will put your needs first, contact JD Katz today.