LGBTQ Estate Planning  Attorney In Monterey, California

Our law firm is very receptive to members of the LGBTQ community. Estate planning has traditionally been especially important for same-sex couples that could not get legally married. Now that these unions are recognized on the state level and the federal level, all married couples enjoy the same rights. However, estate planning is important for everyone, regardless of sexual orientation.

If you are married, you still need an estate plan. There are many different things to take into consideration, and there are multiple options available to you with regard to an asset transfer vehicle. You should explore them thoroughly so that you can provide for the people on your inheritance list in the optimal manner.

Of course, estate planning is a must for single gender and sexual minority group members as well. As we have touched upon, a last will is not the only choice when it comes to the facilitation of postmortem asset transfers. A will must be admitted to probate, and this process is costly and time-consuming. It also opens a window of opportunity for anyone that may want to challenge the terms of the will.

When you understand the facts, you may find that a revocable living trust is a better solution. If you establish a living trust, you can act as the trustee and the beneficiary throughout your life. You name successors to assume these roles after you pass away. When the time comes, the successor trustee would distribute assets that are in the trust to the successor beneficiary or beneficiaries in accordance with your wishes. The probate process would not enter the picture.