Press Release Distribution
 

Members Login  |  Register  |  Why Join?   Follow us on Google+Follow us on TwitterFind us on LinkedInFind Us on FacebookSubscribe to our RSS FeedsSubscribe to our YouTube ChannelFind us on RebelMouse

Video Releases    |    Pricing & Distribution Plans    |    Today's News    |    News By Category    |    News By Date    |    Business Directory
All Press Releases for December 19, 2013 »
RSS Feeds RSS Feed     Print this news Printer Friendly     Email this news Email It    Create PDF PDF Version   



Wills are important for all people in Ohio, especially unmarried couples

Estate planning documents are vitally important for unmarried couples in Ohio. Common law marriages were abolished in 1991 and wills are necessary to retain inheritance rights for many.
 
x-small text small text medium text large text

    December 19, 2013 /24-7PressRelease/ -- Fewer couples are getting married -- according to U.S. Census data -- and this fact is no different in Ohio from anywhere else in the nation. With all the media coverage of same-sex marriage rights, many people know that married couples often enjoy privileges that unmarried couples do not share, such as:
- Less expensive healthcare insurance
- Inheritance and automatic succession rights
- Certain tax exemptions and other tax benefits
- Decision-making rights during emergencies
- Retirement and social security account benefits

Previously, unmarried couples in Ohio attained the same rights as married couples if they lived together as a married couple and met certain state-mandated criteria. However, after October 10, 1991, common law marriage was abolished in Ohio and couples who began living together after that date were no longer afforded the same benefits as they previously enjoyed. Now, unmarried couples must rely on estate planning documents to preserve many of their rights.

Why unmarried couples should have wills

Unless an unmarried couple has a will, upon a partner's death, the survivor of them may have no rights of inheritance to his or her partner's estate. Intestate -- dying without a last will and testament -- laws in Ohio give an unmarried person's estate to his or her legal next of kin, i.e. children, parents, siblings, etc. Even if the couple had been living together for the past 20 years, the surviving partner may be left with nothing.

Mutual wills can legally establish who inherits what and when. A will can be general and provide all you have at your death to your significant other, or it can contain special bequests, giving specific items to certain people or entities -- such as charities -- at specific times.

Other important documentation

Providing for non-biological children is also an issue that estate planning documentation can remedy for unmarried partners. Couples who bring children from prior relationships into the shared home, or same-sex couples who have a child who is not the biological offspring of one partner, can both run into difficulties if the biological parent dies or is incapacitated. Horror stories abound of loved ones who are not allowed access to children they raised because they lack the legal paperwork verifying their parental rights.

An equally distressing situation happens when one partner suffers from a serious illness or accident and his or her life partner is not allowed to visit or make medical decisions on his or her behalf. Living wills, advanced directives and health care powers of attorney easily put these concerns to rest but must be in place prior to a life-changing incident.

Consult an Ohio attorney

Whether or not you are married, an experienced estate planning lawyer can help you plan for your future and the future of your loved ones. Consult a knowledgeable Ohio attorney for all your estate planning needs and questions.

Article provided by Mark Godbey & Associates
Visit us at www.probateandestateplanningattorney.com



---
Press release service and press release distribution provided by http://www.24-7pressrelease.com


# # #

Read more Press Releases from FL Web Advantage:


Contact Information:
FL Web Advantage

E-Mail: Email us Here
Disclaimer:
If you have any questions regarding information in this press release, please contact the person listed in the contact module of this page. Please do not attempt to contact 24-7PressRelease. We are unable to assist you with any information regarding this release. 24-7PressRelease disclaims any content contained in this press release. Please see our complete Terms of Service disclaimer for more information.