Andersonville has one of the largest LGBTQ populations in the city of Chicago.

Metz & Jones, LLC has helped LGBTQ individuals with estate planning for over 40 years. We are here for all LGBTQ partners in Andersonville. Schedule your free consultation with us today to solidify all aspects of your estate.

What Is Estate Planning?

Estate planning is making a plan for your money and belongings after you pass away. It includes creating legal documents like wills, trusts, powers of attorney, and healthcare directives.

These documents make sure your wishes are followed. For LGBTQ individuals and couples, estate planning is vital.

Why Is Estate Planning Important?

Nothing should be able to stop what your final wishes will be after death. Estate planning ensures that nothing can stop those wishes from happening.

For LGBTQ individuals and couples, this process is particularly important due to unique legal challenges that can arise. Proper estate planning can help protect your assets.

Consequences of Not Having an Estate Plan

• The state decides who gets your property, possibly against your wishes
• Loved ones could face long legal battles and extra expenses
• Someone else could make important health and financial decisions
• Unmarried partners might not have any rights to your assets
• For LGBTQ individuals, relationships may not be legally recognized, causing complications

Can LGBTQ Couples Establish An Estate Plan?

Absolutely. LGBTQ couples, whether married or unmarried, have the same rights to establish an estate plan as anyone else. Develop an estate plan to legally acknowledge your partner.

This includes drafting wills, trusts, powers of attorney, and healthcare directives that clearly outline your intentions.

What Does Estate Planning Entail For Unmarried Couples?

For unmarried LGBTQ couples, estate planning is important because it protects you and your partner. Without legal documents in place, unmarried partners may face difficulties in accessing assets or making important decisions.

Estate planning for unmarried couples typically includes:

• Wills
  • A will specifies how your personal property gets distributed among friends, family, and loved ones. This includes who will be managing your assets and estate.
• Trusts
  • Provide a way to manage your assets during your lifetime and distribute them after your death.
• Powers of Attorney
  • Designate someone to make financial and healthcare decisions on your behalf if you are unable to speak.
• Healthcare Directives
  • Outline your preferences for medical care. You’ll appoint a healthcare proxy to make decisions if you are unable to do so.

What Does Estate Planning Entail For Married Couples?

Estate planning for married LGBTQ couples ensures more than spouse recognition. Marriage provides some legal protections, but it’s essential to have a comprehensive estate plan in place. Key components of estate planning for married couples include:

• Joint Wills or Individual Wills
  • Specify the distribution of your assets and designate individuals to oversee the administration of your estate.
• Revocable Trusts
  • Allow you to manage and distribute your assets while providing flexibility and control.
• Durable Powers of Attorney
  • If you become unable to manage your affairs, a partner or spouse can handle your financial and legal responsibilities.
• Advance Healthcare Directives
  • Specify your medical care preferences and appoint your spouse or another trusted individual. This chosen person will be able to make healthcare decisions on your behalf.

Updating Your Estate Plan

Regularly reviewing your estate documents is crucial to ensure they continue to reflect your current wishes and circumstances. Changes in your asset mix, health, or the law may necessitate updates. Life events like marriage, divorce, birth, adoption, or changes in your beneficiaries’ circumstances can also prompt a review. Ensuring your plan stays current helps protect your interests and those of your loved ones.

Personalized Guidance for Andersonville Residents

Andersonville is one of several Chicago neighborhoods that offers a sense of community and belonging. Metz & Jones, LLC provides legal services to LGBTQ community members in Andersonville and its surrounding neighborhoods. We are committed to providing personalized estate planning services that honor your relationships and protect your future.

Whether you’re married or in a long-term relationship, estate planning is important to protect your legacy. Our caring team will help you make decisions that bring peace of mind to you and your loved ones. We are here to guide you through the process.

Take the first step in protecting your future by contacting us today to schedule a consultation. Let us help you create an estate plan that reflects your values and secures your legacy in Andersonville.

Serving the Lesbian, Gay, Bisexual, Transgender Community and Friends in Chicago, Cook County and Illinois.