With this approach, the surviving partner does not have rights to the entire property. Give thought to estate planning. You must make specific provisions in your will if you want your partner to inherit your assets. Consult with a lawyer who has experience with wills, trusts and the probate process. Avoid estate taxes.
Married spouses can transfer assets to each other tax-free.
Also, trusts can be used to transfer stocks and real estate at a tax savings. Opt for mediation or arbitration. If you break up and cannot resolve financial conflicts on your own, mediation or arbitration proceedings would be faster, simpler and less costly than litigation. Compiled by Laura T. Coffey. St. Petersburg Times.