The Estate & Asset Protection Law Firm Owner, Shannon Pawley, Addresses The Most Important Estate Planning Needs Of Unmarried Partners Without Children.
Estate & Asset Protection Law Firm Owner, Shannon Pawley, writes about the rapidly growing number of unmarried partnerships and the need to protect the interests of these partnerships in which investments are made together, no children are involved which require specific and nuanced legal language.
DECATUR, GA, July 29, 2022: Shannon Pawley, Owner of The Estate & Asset Protection Law Firm, has posted a new blog on the law firm’s website entitled “Unmarried Partners Require Nuanced Estate Planning,” in which Ms. Pawley acknowledges the growing need for the protection of unmarried partners interests.
Pawley writes, “Back in 2014, Gwyneth Paltrow made the term “conscious uncoupling” popular when she and her husband divorced.” She continues, “When couples are not married, conscious uncoupling isn’t always as complicated as divorce can be. But over the past 20 years, according to the U.S. Census Bureau, the number of unmarried cohabiting couples has tripled from 6 million to 17 million.” As Pawley points out, “Many of these unmarried partnerships do last a lifetime, but like many long-term relationships, they also come to an end after major investments in homes and other assets have been made together.”
Pawley notes, “As everyone knows, the laws favor married couples, addressing and protecting their interests. Though the laws don’t address healthcare and financial decisions.”
According to Pawley, “Uncertainty is a good reason for any unmarried couple in a relationship with or without children to establish an estate plan. Whether you end up staying together until “death do you part” or not, an estate plan will add a degree of trust and confidence as your relationship evolves.” She elaborates, “Both partners will agree to the terms of the estate plan which can be adjusted over time. Beyond the distribution of physical assets, the more important issues to address are healthcare and financial directions should one of you become terminally ill or mentally incapacitated.” Pawley states, “Establishing both, a Power of Attorney and a medical/healthcare directive, are integral. Without a power of attorney or medical directive in place, an unmarried partner’s legal next of kin will likely be the person to make healthcare and financial decisions on their behalf if incapacitated.”
The entire blog can be read at LINK HERE
About The Estate & Asset Protection Law Firm
The Estate & Asset Protection Law Firm was established to serve the legal needs of retiring citizens. The Firm focuses its entire practice on providing strategies to protect independence, privacy, assets and taxes from the government. Shannon Pawley has grown her law practice by providing excellent customer satisfaction with personalized wealth protection plans.
About Shannon M. Pawley, J.D., LL.M
As the owner of The Estate & Asset Protection Law Firm, Shannon M. Pawley and her entire team share a passion which focuses on being able to serve the legal needs of retiring individuals. In our firm, WE BELIEVE that people should not have to lose everything they’ve worked a lifetime to earn and that every person is an individual who deserves respect and the highest quality of life possible, regardless of age or ability. We also believe that privacy and protection are the keys to personal peace. Born and raised in the Tidewater area of Virginia to a tightknit family with strong military service roots, Shannon learned from an early age the value of hard work and the importance of social awareness to ensure you always leave a situation in a better place than how you entered it. In her junior year of high school, Shannon served as U.S. House of Representatives Page during the 101st United States Congressional Session in Washington, D.C. This experience exposed her to numerous new cultures and worldly issues. Walking away from her experience as a U.S. House of Representative Page, Shannon knew that she wanted to pursue legal studies and be able to assist others in obtaining the best results available in difficult situations.
Shannon earned her undergraduate degree at North Carolina Wesleyan College and pursued a law degree from Michigan State University College of Law. After obtaining her law degree and becoming a licensed attorney in Michigan, she continued her educational pursuit by acquiring a LL.M. (Master of Law) in Taxation from Wayne State University. After moving to Georgia in 2018, Shannon obtained her Georgia law license and has enjoyed being able to pursue her desire of ensuring persons are able to age with dignity, grace and independence.