Often there are situations that do not fit traditional situations or secession of inheritance and estate planning for these non-traditional relationships must supplied. There are four major non-traditional situations. Jason and Mike have been living together for thirty years. They know death will come sooner than later. What would be true of estate planning for this couple?

Question

Quizplus · Accepted Answer

Because Jason and Mike are considered a non-traditional relationship they are subject to consideration under cohabitation and same-sex relationships; therefore, they are not eligible to take advantage of the marital deductions and the estate taxes cannot be deferred, liquidity is a primary consideration, and wills containing specific bequests are very important.

Often There Are Situations That Do Not Fit Traditional Situations