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Old 02-18-2010, 08:15 PM
Ravenesque Ravenesque is offline
Senior Member
Join Date: Dec 2009
Posts: 297

I don't think you were being morbid at all SchrodingersCat. Practical perhaps.

There are alternatives to marriage when it comes to securing assets, possessions and each other.

Wills are fine but a will alone can get tied up in probate court which costs time and money. There are also inheritance taxes. A more secure route, which includes wills, is estate planning.

Estate planning includes a will, a living will or health care proxy, assignment of power of attorney and a trust. There are nifty software programs out there that allow you to handle all of this, or if you have the means, you can hire a lawyer to do it for you.

It may be useful to look up the difference between Tenants In Common and Joint Tenancy in regards to owning a house together in a poly configuration.

One thing I have found interesting is the action of forming a corporation. I've dug a little and it is recommended in some poly places to form an LLC. The general recommendation seems to be towards forming a corporation or creating a living trust but not both possibly because it may be redundant in areas.

Some of these things I came across while doing business research for something altogether unrelated to polyamorous families, some while looking up poly related things, and some related to myself as a person who doesn't want to get married yet still wants to protect their family. I am "single" in the eyes of the law which causes problems with healthcare and more.

When I use the word family, it refers to those who I intentionally choose and who intentionally choose me to share life and love, accepting and affirming all that we are as human beings.

I've included a few poly links which speak about these topics.

Polyamorous Percolations: The 2006 Poly Living Conference: Notes and Impressions (keyword to ctrl + f would be corporation)

PolyFamilies: Polyamory for the Practical (from the Polyamorous Misanthrope)

Polyamory and Legalities (subtitled "Marriage and the Legal Benefits," another from Polyamorous Misanthrope)

Suze Orman also likes to babble on about living trusts and wills and other things about protecting your family. She has pretty good info. Buying/borrowing some books about financial and estate planning may be helpful as well.

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