Looking to Express Profound Love to Your Partner? Include Them in Your Will
Love is the most profound bond that connects us, and we express it in various ways, from flowers and surprise gifts to heartfelt notes. Yet, one deeply meaningful expression of love that's often overlooked is incorporating it into a future plan.
Though estate planning may seem like a field filled with complex financial terms and legal formalities, at its heart, it's a concrete manifestation of your concern and care for your nearest and dearest. (That's why I prefer to call it Planning Session.)
In this blog, we'll explore how integrating your partner into your Will and the broader estate plan transcends a romantic gesture, standing as the most profound declaration of love.
Offering Support and Safeguarding Well-Being
Estate planning is often viewed through the lens of financial assets and legal procedures, yet at its essence, it's a profound way of showing love and care for those we cherish. It's a proactive approach to avoid leaving behind complications for your loved ones. Integrating your partner into your estate plan is more than a formality; it's about providing comfort and security, affirming your love and commitment by ensuring they're looked after in your absence.
Securing your partner's legal and financial future through meticulous estate planning is a profound act of love. However, it's not just about any estate planning; we advocate for "Planning Session" to ensure your plan actively prevents family disputes and court involvement.
While documents like Wills and Trusts are fundamental, they must be drafted with precision, maintained regularly, and supported by comprehensive planning tools. Tools such as a Kids Protection Plan® for those with minor children, and a Family Wealth Inventory alongside Legacy Interviews to safeguard both tangible and intangible assets, are essential. Without these, your loved ones may face a complex and costly ordeal.
For married individuals, your spouse may have certain legal rights, but this doesn't guarantee direct access to your accounts or authority to make healthcare decisions as you would prefer. For unmarried partners, the absence of a formal plan means they might have no legal claim whatsoever. The most significant gesture of love you can offer is a thorough Planning Session, ensuring protection and peace of mind for your most cherished.
Circumventing Legal Hurdles
Love is mighty, yet it's important to recognize that affection alone can't navigate the intricacies of legal matters. Without a properly advised, crafted, and current Life & Legacy Plan, your partner may face legal complexities regarding asset inheritance if you were to pass away or become incapacitated. This is particularly true for unmarried couples, as the law predominantly recognizes the rights of married individuals when it comes to asset distribution after death. As a result, a partner who is not legally married to you or isn't a blood relative could be entirely excluded from your estate unless you've made deliberate plans.
Incorporating your partner into your Will and comprehensive Life & Legacy Plan is not just a matter of fulfilling legal formalities; it's about ensuring they are provided for according to your wishes, alleviating the potential legal strain during a time that would already be emotionally challenging.
Safeguarding the Future You've Crafted Side by Side
Perhaps you're not inclined towards marriage, or maybe you and your partner are delaying marital vows for now. Yet, it's crucial not to defer establishing a plan for your shared life until later years. It's likely that you've already started cultivating a life with your partner that merits safeguarding.
From the cozy home you've nurtured together to the classic car that's accompanied you on numerous adventures, joint assets embody more than mere property – they represent chapters of your collective journey. Integrating your partner into your estate plan is key to ensuring these shared assets transition smoothly, safeguarding the narrative you've woven together.
The importance of a Planning Session escalates if you share children with your partner. In the absence of biological ties or legal adoption, your partner doesn't automatically have the legal right to continue caring for or even visiting your children should something happen to you.
Incorporating a Kids Protection Plan® into your estate plan is not merely a gesture; it's a profound declaration of love and duty. By legally empowering your partner to make decisions about your children's future, you're affirming a dedication to the continued happiness and security of your entire family.
Assisting You in Demonstrating the Depth of Your Affection for Your Loved One
Love unites us, yet it's through thoughtful estate planning, particularly Planning Session, that your affection for your partner and family truly manifests into action. This planning transcends mere asset distribution and legal formalities; it embodies your dedication and your vow to care for your loved ones, transcending physical presence.
Indeed, when it comes to expressing love, few acts are as meaningful as ensuring a shared future.
To truly demonstrate the depth of your love to your partner, reach out to us today. Discover more about our Planning Session process and take the first step towards securing your shared future.
You're invited to book a complimentary 15-minute consultation using the link provided below.
https://bit.ly/20westlegalmeetingscheduler
This article is a service of 20WestLegal LLC. We don't just draft documents; we ensure you make informed and empowered decisions about life and death for yourself and the people you love. That's why we offer a Planning Session, during which you will get more financially organized than you've ever been before and make all the best choices for the people you love. You can begin by calling our office today to schedule an Initial Planning Session and mention this article to find out how to get this $750 session at no charge.
The content is sourced from Personal Family Lawyer® for use by Personal Family Lawyer® firms, a source believed to be providing accurate information. This material was created for educational and informational purposes only and is not intended as ERISA, tax, legal, or investment advice. If you are seeking legal advice specific to your needs, such advice services must be obtained on your own separate from this educational material.