How the LGBT community can disinherit a family member:
As we celebrate Pride Month 2019, we are reminded that progress has been made over the years, but many in the LGBT+ community are still estranged from members of their family or even their entire families. We wanted to share some advice for Queer people who desired to cut someone out of your estate. Or for that matter disinherit someone who you just don’t want to get your money when you pass.
While anytime there is money on the line, things can get stressful. Estate Planning is more important for many in the LGBT community. Beyond the fact that we are more likely to be estranged from at least some of our family, we also are less likely to have children. No offspring increases the odds that your money will go to some long lost relative, that is if you don’t specify where you want it to go whether that is your spouse, a charity, a pet, or even some of your best friends.
DES MOINES, IOWA - APRIL 17: Anti-gay and pro-life demonstrators with The Society for Truth and Justice protest outside of a campaign event hosted by Democratic presidential candidate and South Bend, Indiana Mayor Pete Buttigieg on April 17, 2019 in Des Moines, Iowa. Buttigieg is on his first visit to the state since announcing that he was officially seeking the Democratic nomination during a rally in South Bend on April 14.
For those of you who like your privacy, a will is a public document. Whereas a Trust does not need to be filed with the court, adding a layer of privacy and protection for you and your heirs. Furthermore, in many states, only beneficiaries of a trust have standing to challenge the provisions held within it.
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