Lesbian dating and sex tips

Posted by / 08-Jun-2019 00:00

Instead, when you die, whoever is the beneficiary of record receives the proceeds, regardless of what is written in your will.

In February 2011, the Justice Department announced that it would stop defending Section 3 of the Defense of Marriage Act (DOMA) in lawsuits related to federal recognition of same-sex marriages.

Because heterosexual married couples may file a claim as a couple, they are able to avoid the healthy spouse's becoming impoverished due to the other spouse's need for long-term care.

Depending on whether your state recognizes same-sex marriages, someone in a same-sex union may be forced to apply as an individual, regardless of marital status.

What's left over is considered your estate, and if you want it to go to your loved one upon your death, you have to make specific decisions and plans.

Items in your estate that don't have beneficiary designations or are titled as "joint tenants with rights of survivorship" will flow through your will.

As a result, a prolonged illness requiring Medicaid could necessitate the spending down of joint financial accounts or the selling of a jointly owned home.

Assets that have beneficiary designations, such as retirement plans and life insurance, do not follow the directions of your will.Doing so bypasses the dictates of your will, and the assets will be quickly paid directly to the beneficiary upon receipt of a death certificate.For the surviving partner, access to ready cash for living expenses can be critical.Develop a list of expenses that you incur as a couple. If one of you dies, what debts would remain for the survivor to pay off? If there are not enough assets, think about buying life insurance to cover a shortfall. Will your assets flow to your partner upon your death, and vice versa, exactly as you intend?Doing such an analysis, just the two of you together, can feel overwhelming — so for practical guidance, consider consulting a financial adviser who has experience working with same-sex couples. Smart Step: Review and update your estate documents.

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Policies come in different types, from covering just the basics to high-end policies that cover everything, including home health care.