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Next Avenue: Same-sex couples should address these critical financial issues as they age

This article is reprinted by permission from NextAvenue.org.

Planning for aging can often be a sensitive and unwelcome topic. A spectrum of financial issues may arise, from outliving our money, threats of financial exploitation or simply navigating how — and to whom — we wish to share whatever wealth we have. Older LGBTQ individuals may face unique financial challenges as they age, which could result in lost opportunities, poor decisions and financial loss for one or both of the same-sex partners.

Older LGBTQ people are only one fourth as likely to have children as their heterosexual peers, according to SAGE, an LGBTQ advocacy and services group.

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