352.372.1011Gainesville, FL

Gainesville, FL Estate Planning, Will & Trust Law Blog

Thursday, September 12, 2013

Not Married but Living Together

Did you know?

If you live with your significant other, you may run into problems if you try to buy a life insurance policy and name yourself as the beneficiary.  Non-work related life insurance policies require that you have an “insurable interest” in your unmarried partner.  Usually business partners, co-owners of real estate (your house for example) and spouses have this insurable interest.  The two of you may need to become business partners or own real estate together to qualify for an insurable interest.  

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From our office in Gainesville, the estate planning firm of White & Crouch, P.A. advises and represents clients in communities throughout Alachua County, Marion County, Levy County, Putnam County, Clay County, Bradford County, Union County and Gilchrist County in North Central Florida. Call us at 352-372-1011 or contact the firm by email to arrange an initial consultation with us today.

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