Cohabitation Estate Planning
Many situations exist where people are living together without the benefits of a legal marriage under the law, and in such cases the use of Trusts and Wills can be an important tool to reduce costs, taxes, transfer assets, and to enable one party to effectively care for the other under adverse circumstances.
Many situations fall under the cohabitation category including: siblings living together for mutual benefit and support; dating couples; unmarried life-partners; persons living together where one person is helping to take care of the needs of another (caretaker), such as a child taking care of a parent or in the case of disability, health concerns, or other life circumstances where marriage is not an option or is not desired.
In these cases, Wills and Trusts and other legal documentation can provide benefits for the parties regarding medical decisions (Living Will or Advanced Directive), administration of financial affairs and benefits, as well as providing for wealth transfer in the case of incapacity or death.
Cohabitation Estate Planning Attorney
Henderson | Las Vegas | Nevada
Consult with the professionals at Smith & Shapiro with regard to your estate planning needs prior to selection and implementation of a cohabitation estate plan. Attorney Gregory S. Smith can help you maximize the benefits of your estate both now and the future. Smith & Shapiro is open Monday - Friday, 8:00am - 5:00pm. Please call 702-318-5033 to schedule an appointment.