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McCurrie McCurrie
& McCurrie, L.L.C.

680 Kearny Avenue
Kearny, NJ 07032-3010
Phone: (201) 467-4180
Fax: (201) 997-9567
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The Importance of Estate Planning for Unmarried Couples

For married couples, estate planning is an especially important consideration. A comprehensive will may be the difference between leaving your spouse supported and leaving him or her with bills.

For unmarried couples in a domestic partnership, estate planning is even more important and infinitely more nuanced.

As Sandra Block writes for USA Today, the laws governing estates usually don't take domestic partnerships into account. Without a will in place, she says, all the assets you own could go to a family member you've barely kept in touch with - leaving the partner you've spent most of your life with out of the equation.

Even with a will, your domestic partner could end up paying out massive amounts of money in estate taxes. Though married couples can often pass assets on to the surviving spouse tax-free, this convenience does not immediately apply to domestic partners.

All of the above aside, it is possible to provide for a domestic partner, protect your assets and have a satisfactory estate plan. However, as mentioned in the beginning of this post, the process is more nuanced. Because of this, it is all the more important that couples in domestic partnerships are proactive in addressing these issues.

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