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Commonly Asked Questions about Last Will and Testament for Domestic Partners

Creating a will is an important way to protect your partnership and ownership rights together. Designating your partner as your beneficiary and executor ensures that he or she will inherit all of your property after your death. Because you are unmarried, the property will be subject to federal inheritance taxes.
Your cohabitation agreement could cover what will happen to your property upon break up or death but this wont cover your whole estate. A will is important as it covers what will happen to your whole estate, your arrangements after you pass, and the guardianship of children.
Wills and Revocable Trusts This enables the surviving partner to manage the assets in the event of incapacity or death. It also allows the partner a priority of appointment in court over a deceased partners parent or sibling.
A primary beneficiary is the person (or persons) first in line to receive the death benefit from your life insurance policy typically your spouse, children or other family members.
A will names beneficiaries who will inherit your property. Your domestic partner can be a beneficiary, as can friends, relatives, children, or even organizations and charities.
Beneficiary Designation/Pay on Death (POD) For example, an unmarried partner can be the beneficiary of a retirement account or life insurance. Also, he or she can be the pay on death beneficiary of certain accounts.
If youre single or widowed, you can name anyone as a beneficiarybut there are some tax considerations if heirs are not a child or grandchild under 18 or a mentally or physically infirm child or grandchild of any age.