Estate Planning in Times of Change: Part 2 of 2

 

 

Families with unique circumstances require special attention in estate planning, particularly in times of legal uncertainty. Understanding how to protect LGBTQIA+ families and those with children who have special needs is crucial for their long-term security. Read more…

Estate Planning in Times of Change: Part 2 of 2

In Part 1 of this series, we explored general estate planning considerations given today's changing landscape, especially related to taxes, interest rates, and asset protection. Now, let's focus on how to protect families with unique planning needs, including LGBTQIA+ families and those with children who have special needs. 

In this time of political transition, comprehensive estate planning becomes crucial for these families, who may face changes to their legal rights and protections. Recent political developments have heightened concerns about potential changes to LGBTQIA+ rights, healthcare access, and educational protections. While we can't predict future legal changes, we can create strong safeguards through careful planning - just in case. Let’s dive in to find out how.

Understanding the Stakes for LGBTQ+ Families

Recent political shifts have shown how quickly federal protection can change. The incoming administration has indicated plans to roll back various LGBTQIA+ protections (see here and here), including changes to Title IX interpretations and healthcare access. While marriage equality currently remains protected by federal law, LGBTQIA+ families may want to consider creating multiple layers of legal protection independent of federal policy.

Healthcare decision-making rights are also a concern, and current legal protections are not guaranteed. If there's a significant shift in law and policy, some healthcare providers may challenge a spouse's right to make medical decisions. However, creating comprehensive healthcare directives ensures your wishes are honored, and your loved ones can advocate for you in critical moments.

For LGBTQIA+ couples with children, documenting and protecting parental rights takes on special significance. With potential changes to federal education policies and Title IX interpretations, having clear legal documentation of parental rights and educational decision-making authority becomes crucial. This includes creating legal frameworks that remain valid even when traveling between states with differing levels of LGBTQIA+ protection.

If you’re concerned about any of these potential changes, We are here to help. Read on to learn how to book a complimentary consultation call with us.

Protecting Healthcare Access and Rights

In addition to concerns about a change in federal policy, recent state-level restrictions on healthcare access highlight the importance of comprehensive planning for medical decisions. It’s time to create a comprehensive Life & Legacy Plan with detailed provisions for healthcare choices and medical advocacy. For families with transgender members, especially, consider documenting current medical providers and creating contingency plans for accessing care if federal or state policies change. 

With our Life & Legacy Planning^Ⓡ process, we’ll help you establish comprehensive medical powers of attorney and healthcare directives that clearly state your wishes and designate trusted advocates. These documents become especially important when traveling between states or if federal protections shift. We can also include specific language about gender-affirming care and other medical preferences to ensure your healthcare choices are respected.

Safeguarding Educational Rights and Family Recognition

With potential changes to educational policies and funding, families should consider additional protections for their children's educational rights. This includes clear documentation of parental authority and educational decision-making powers. Consider creating additional legal frameworks to protect your children's rights to use their correct names and gender markers in school settings.

Comprehensive educational planning becomes even more crucial for families with children who have special needs if major changes happen at the Department of Education. The Department of Education, through the Office of Special Education Programs, provides resources to support students with disabilities through age 21. We can help you find support to document current educational supports and create contingency plans for maintaining services if new federal education policies or funding changes affect special education programs. 

Building Comprehensive Legal Protection

Traditional estate planning often falls short in protecting vulnerable families during times of political change. Your plan should include multiple layers of protection that work together to secure your family's future regardless of policy shifts, and this simply doesn’t happen when you think about estate planning as a set of documents, which is the traditional model. Instead, you need a comprehensive Life & Legacy Plan if you want to protect your family fully. When you work with us, your Life & Legacy Plan, customized for your unique family dynamics, might include:

• Trust structures that provide clear documentation of your intentions and protect your family's financial security independent of federal recognition of relationships.
• Backup plans for accessing essential services and support if federal or state policies change.
• Documenting your current rights and protections while they remain in place, creating evidence of your family relationships and intentions that can support future legal claims if needed.

We support you in creating your comprehensive Life & Legacy Plan that works for you and your family when you need it to. To get started, book a free consultation call using the scheduling link below.

The Importance of Regular Reviews and Updates

Regularly reviewing your estate plan becomes essential as political and legal landscapes shift. What works today might need adjustment as circumstances change. My Life & Legacy Planning process includes regular reviews and updates, so your plan stays current with legal developments. This ensures your plan works when you need it to, rather than sitting on a shelf collecting dust. 

Since we know you’re busy, you never have to think about reviewing your plan. We will reach out to you proactively and regularly so we can make any necessary updates to your plan as laws and policies change.

How We Help You Protect Your Family

The time to act is now. Don't leave your family's security to chance. As a Personal Family Lawyer® Firm leader, We help you create a comprehensive Life & Legacy Plan that accounts for your unique circumstances and ensures your family stays protected regardless of legal or policy changes. We'll help you understand your options and create a plan that truly works for your family's specific needs.

Click here to schedule a complimentary 15-minute consultation to learn more:

https://calendly.com/myachorlaw/15min

This article is a service of Attorney John F. Koenig, Anchor Law, Life and Legacy Planning, LLC, a Personal Family Lawyer® Firm. We don’t just draft documents; we ensure you make informed and empowered decisions about life and death, for yourself and the people you love. That's why we offer a comprehensive Life & Legacy Planning Session™, during which you will get more financially organized than you’ve ever been before and make all the best choices for the people you love. You can begin by calling our office today to schedule a Life & Legacy Planning Session™.

The content is sourced from Personal Family Lawyer® for use by Personal Family Lawyer® Firms, a source believed to provide accurate information. This material was created for educational and informational purposes only and is not intended as ERISA, tax, legal, or investment advice. If you are seeking legal advice specific to your needs, such advice services must be obtained on your own separate from this educational material.