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Estate Planning For Unmarried Couples

Unmarried couples share the same objectives for estate planning as married couples. They are looking to reduce the expenses, delays, and public relations associated with probate, eliminate or reduce estate taxes; ensure that their assets pass to whomever they choose at the time they prefer and in the manner, they prefer, and also protect their assets from the heirs' inabilities or disabilities, creditors, and predators.

In contrast to married couples, unmarried couples are not able to enjoy the benefits of many of the legal presumptions and default clauses under federal and state law. You can visit this site https://www.danalegalhelp.com/practice-areas/estate-planning/ for estate planning.

For instance, unmarried couples aren't entitled to the federal gifts and estate tax deductions for marital purposes as well as the tax-free "rollover" in retirement savings in the same way as spouses who survive.

Couples of the same genders have made progress under the law toward getting the same rights that married couples get. In the states of Massachusetts, Connecticut, Iowa, Vermont, and New Hampshire as well as Washington D.C., marriages for couples of the same genders are legally valid and can be are being performed. 

Couples of the same genders have made progress under the law towards getting the same rights that married couples receive.