YOU

In honor of pride month, we are sharing weekly estate planning tips and info that is specific for our LGBTQ community...?

As we mentioned earlier, estate plans are not just about what you leave behind when you die. If something were to happen to you and you were unexpectedly unable to care for yourself due to lack of mental capacity, then what?

Ask yourself any of these questions and see what you think…

? Who is able to communicate with your doctors and make decisions about your medical care on your behalf?

? Who has the authority to help with end of life decisions and to carry out your wishes?

? Who can make legal and financial decisions on your behalf? (Remember if you become incapacitated, no one can access your assets!)

Making medical decisions that follow your wishes, the ability to pay bills and access your money in order to care for you are important but an estate plan should also address what and who should surround you, to give you joy and comfort. And don’t forget; who has access to your social media and online accounts? If you want your loving partner to be the decision-maker, an estate plan is the only way to ensure it.

If you become incapacitated, all of these day-to-day and major decisions will hang in the balance during the court process of Conservatorship. This is where a judge will determine who will make all of these decisions after spending at least $10,000. If you think it ends there, it doesn’t. It will cost $3000-$5000 per year for the rest of your life to be conserved.?

Stay tuned for next week’s post…

https://www.goldfarbluu.com/estate-planning/lgbtq-estate-planning/?

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