Unmarried Couples Need Estate Planning to Protect Their Interests
California does not recognize common law marriage. If you are not legally married or in a registered domestic partnership, your partner may not inherit from you unless you have an estate plan designating your unmarried partner as a beneficiary. This is true even if you have been together for many years.
Failure to adequately plan could result in the following:
- A deceased partner’s interest in the couple’s home may go to their heirs, resulting in the surviving partner being forced to move from their home.
- A surviving partner may have insufficient assets to cover their financial needs after the other partner’s death.
- Confusion as to each partner’s right to property may result in costly litigation after the deceased partner’s death.
The Law Office of Carol A. Fauerbach can assist couples in estate planning to help anticipate potential issues and plan for the death of a partner.