Could your partner inherit nothing if you died tomorrow?
If you’re living together but aren’t married, the answer may surprise you.
Estate planning attorney Harry Margolis, author of Get Your Ducks in a Row, explains why unmarried couples face legal risks that married couples often avoid automatically.
In this interview with Bob Powell, CFP®, RMA®, you’ll learn:
✔ Why unmarried partners have fewer legal rights
✔ How wills protect your partner
✔ Why beneficiary designations matter more than many people realize
✔ When you need a durable power of attorney
✔ What a health care proxy actually does
✔ The biggest estate planning mistakes unmarried couples make
✔ How to avoid expensive family disputes and probate litigation
Whether you’ve been together for two years or twenty, this conversation explains the legal documents that can help protect your partner, your wishes and your assets.
Topics covered
00:00 Introduction
00:20 Why estate planning matters more for unmarried couples
01:15 Health care proxies and powers of attorney
02:10 Beneficiary designations explained
02:55 What happens if your partner isn’t named?
03:35 The biggest mistake unmarried couples make
03:55 Final advice from Harry Margolis
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