Three Estate Planning Documents That Unmarried Couples Need

May 6, 2016

It is a mistake to believe that as an unmarried couple that you don’t have legal rights and protections that can be afforded to you by the process of basic New Jersey estate planning. This myth is easy enough to believe if individuals suspect that having no real legal relationship means they don’t have anything that needs to be addressed in their estate planning process.

Unfortunately, if you do not address your estate planning options early, even as an unmarried couple, you may run the risk of your significant other being removed from your life or having no rights in the event that you become incapacitated. There are three primary documents that an unmarried couple should consider in their estate planning.shutterstock_274030400

  • A durable power of attorney which allows you to name another individual to act on your behalf if you become incapacitated.
  • A will or living trust so that you can stipulate how you wish your assets to be distributed if something were to happen to you.
  • A healthcare power of attorney which empowers another individual to make healthcare decisions on your behalf if you are unable to do so.

All of these documents and many more can be accomplished by setting up a meeting with your New Jersey estate planning attorney as soon as possible. Unmarried couples certainly have legal rights to consider and working with an attorney who understands their needs is critical.

 

                                           


Practice Areas:



Schedule your free Exploratory phone call

Click here to see how we
can be of assistance.

Payment Portal
for Tax and Accounting invoice

This link offers a secure, quick way to complete your payment with Omni360 Advisors LLC.

Our Social Media

Connect with us on Social Media using the following buttons:

Visit our Podcasts

Listen in, Join the Conversation!

Recent Posts

Tax Season Is Over—Now What? Smart Financial Moves to Make After Filing

Tax filing season may be behind you, but important financial planning opportunities remain. Here’s what business owners and families should consider next. Tax Season Is Over—Now What? For many, the tax filing deadline brings a sense of relief. Documents ...

<p>The post Tax Season Is Over—Now What? Smart Financial Moves to Make After Filing first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>

Out-of-State Trusts: What They Are and How They Can Support Long-Term Wealth Planning

Learn how out-of-state trusts work, their potential benefits, and key considerations for business owners and families seeking tax efficiency, asset protection, and legacy planning. Out-of-State Trusts: A Strategic Tool for Modern Wealth Planning For business owners, executives, and multigenerational families, managing wealth across ...

<p>The post Out-of-State Trusts: What They Are and How They Can Support Long-Term Wealth Planning first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>

How to Protect Yourself from Financial Scams: A Practical Guide for Individuals and Families

Learn how to identify, avoid, and respond to financial scams with practical strategies designed to protect your wealth and personal information. How to Protect Yourself from Financial Scams: A Practical Guide Financial scams are becoming increasingly sophisticated, targeting individuals and families across all income levels. Whether through phone calls, emails, social media, or even trusted-looking websites, bad actors are constantly ...

<p>The post How to Protect Yourself from Financial Scams: A Practical Guide for Individuals and Families first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>