Estate Planning for Same Sex Couples
Same sex couples have unique estate planning needs. Since Texas does not currently recognize same sex marriages, gay couples must utilize proper estate planning to ensure their partners are taken care of and taxes are minimized when one partner passes away.
If you die without a valid Will, the state of Texas, not you, will determine how your assets are distributed through a process called intestate succession. Since Texas does not recognize same sex marriages, the state of Texas' inheritance rules will not distribute property to your partner. Instead, your property will be distributed to your children, parents, siblings, or possibly even distant relatives.
By executing a valid Will, you can bypass these old rules of intestate succession and determine how you want your assets distributed as well as decide who you want to administer your estate.
We highly recommend that same sex couples seek the advice of a competent estate planning attorney to help you in planning and drafting your estate plan. Learn more about estate planning for same sex couples by calling us at (512) 535-5008 to schedule your free consultation.
Cypert Law Firm offers free initial consultations, payment plans (after an initial deposit), flat fees and other affordable solutions to your legal problems. Call today to see if we can help you.
1016 Mo-Pac Circle, Ste 201
Austin, Texas 78746