If you aren’t legally married, the most prudent course of action is to put everything in writing. What’s more, while domestic partnerships or civil unions are recognized by some states, unfortunately you still remain strangers in the eyes of our federal government.

To take advantage of rights you want that married couples have, we can work with your legal professional to help you recreate them in a legal document. We have many specialized strategies that not only help with financial planning, but also coordinate with your legal and tax advisors to help ensure all important aspects are covered.

Creating a revocable trust.
Without this, you risk having your assets passed to family members instead of your partner.

Determining medical rights.
Consider having a document that appoints your partner to make medical decisions on your behalf in case you become incapacitated and to allow visitation, which could otherwise be denied.

Developing a durable power of attorney.
This document designates an agent to make financial decisions if you’re incapacitated.

Crafting a domestic partner agreement.
Acting like a prenuptial agreement for married couples, this instructs how assets are divided in the event of a breakup or death.

Double-checking beneficiaries.
We review beneficiary designations on retirement accounts, stock options, life insurance and any other assets you may have and give advice as to what changes might need to be made.

This material is not intended to provide specific legal, tax or other professional advice. The services of an appropriate professional should be sought regarding your individual situation. Raymond James does not offer legal or tax services.