Brooklyn New York LGBT Estate Planning

For LGBT individuals and couples in the Brooklyn, New York area, estate planning is a necessity. Regardless of how New York or federal law treats LGBT issues, it’s important for every LGBT individual in the state to develop an estate plan as soon as possible. The reality is that there are some choices that you can only make by developing an estate plan that, should you fail to create a plan, will have to be made by someone else.

Brooklyn New York LGBT Estate Planning

The process of creating an estate plan for an LGBT individual or couple is much the same as it is for anyone else. Today, LGBT individuals and couples in Brooklyn and throughout New York have many of the same estate planning options that heterosexuals have. Yet regardless of marital, financial, or any other factors, making important estate planning decisions is something that only you can decide to do.

  • Inheritance Planning. One key part of estate planning is the process of making decisions about the types of inheritance you want to leave. For married couples, you have the right to automatically inherit at least a portion of your partner’s estate regardless of the choices he or she makes. However, if you are in a committed, but unmarried relationship, your partner does not automatically earn the same inheritance rights. Further, should you want to leave inheritances to anyone else, or make inheritance decisions that differ from the predetermined inheritance laws that exist in the state of New York, you’ll need to create one or more estate planning tools. These tools can differ significantly between plans, but will likely include at least a last will and testament and a revocable living trust.
  • Incapacity Planning. Another key issue that all estate plans must address is the question of what you want to happen should you become incapacitated. Who will make decisions for you? What kind of medical care or treatment do you want to accept or refuse? How do you want your property managed? If you have not created an estate plan, you don’t have a definite answer to any of these questions. On the other hand, if you develop a comprehensive incapacity plan you will not only be able to appoint representatives who will manage your affairs for you should you lose the ability to do so yourself, but you’ll also be able to leave detailed instructions for the kinds of choices you want made on your behalf.

Begin Estate Planning Immediately

Far too many LGBT couples and individuals delay estate planning for too long. If you have yet to begin estate planning and you live in the Brooklyn, New York area, contact the Minko Law Office as soon as possible. Even though Attorney Anthony Minko and staff have years of experience assisting LGBT couples and individuals with their estate planning needs, we can only start helping you if you decide to reach out to us for assistance.

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Minko Law Office

Minko Law Office