Money matters are complex for every family, and there is no one way to correctly manage your finances. This is certainly true for LGBT couples, for whom milestones like marriage, children, and homeownership may pose additional financial challenges.

There are many benefits that come with having a high net worth, but it also means tax planning is a bit more complex. If you don’t have a thoughtful tax strategy in place, you could miss out on key tax benefits and, when you’re paying more in taxes, that liability can have the effect of diminishing your net worth over the long term.

Estate planning is all about looking toward the future and preparing a strategy that accomplishes your goals and meets your loved ones’ needs. Planning your estate often includes, but is not limited to, a will and/or revocable living trust and an advanced healthcare directive.