Husbands and wives are protected under New York State’s inheritance laws if one of them becomes incapacitated or is deceased. Same-sex couples are not. If domestic partners fail to create an estate plan, and one partner loses capacity, the other partner will not have the automatic right to make medical and financial decisions on behalf of the incapacitated person. In the event that one partner dies intestate, the other will receive nothing under the New York State probate laws.
Contact Khan & Yau, PC to learn more about protecting your loved ones through GLBT estate planning.
When you come to us for estate planning counsel, our experienced attorneys will gather as much information as we can about you – your finances, your family structure, as well as your goals. Next, we will help you understand the different strategies for accomplishing your goals, which may include preparation of the following documents:
Simple or complex wills
Powers of attorney
Living wills and Health care proxies
Family limited liability company
All same-gender and nontraditional couples need to be careful about tax issues associated with distributing assets.
To learn more about estate planning for same-sex couples, contact us via e-mail or call us today. Our office is open from 9 a.m. until 5 p.m., Monday through Friday, and evenings upon request. Our New York City office is at 48th and Madison Avenue, near Grand Central Station. We also have an office in Queens.