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Blog : Financial Advisor for Gay Couples

The Ins and Outs of Cohabitation Agreements for Same-Sex Couples

Financial Advisor for Gay Couples Financial Planning for Gay Couples August 30, 2017 Author: Woody Derricks

Cohabitation agreements are legal agreements that can be formed between couples who live together. While they can be useful tools for heterosexual couples, they are especially valuable to same-sex couples who choose not to marry. These legal documents allow individuals to protect their assets and interests while their relationships are in good standing – just […]

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Ready for Baby? Considerations for Same-Sex Couples with Kids

Financial Advisor Financial Advisor for Gay Couples Financial Advisor for LGBT Couples Financial Planning for Gay Couples July 28, 2017 Author: Woody Derricks

Many same-sex couples have children or are planning to have them in the future. Some enter the relationship with kids from a previous marriage or union, while others may look to adopt or use a surrogate. If you are in a same-sex relationship and looking to add to your family, there are some things you […]

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Should I Pay Off My Mortgage?

Financial Advisor Financial Advisor for Gay Couples Financial Planning Financial Planning for Gay Couples Mortgage Lending July 17, 2017 Author: Woody Derricks

If you search the internet, you can uncover as many articles telling you to pay off your mortgage as ones encouraging you to keep it forever. Why are so many financial advisors divided over this one issue? The truth is that it’s simply a matter of strategy, and what works for some people may not […]

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Prenuptial and Postnuptial Agreements for Same-Sex Couples

Financial Advisor for Gay Couples Financial Advisor for LGBT Couples Financial Planning for Gay Couples Financial Planning for same-sex couples Gay Friendly Financial Advisor Annapolis May 22, 2017 Author: Woody Derricks

Although some same-sex couples may not want to admit it, divorce may be on the horizon for them. It’s the unfortunate reality in today’s world. With ambiguous laws and some states still not realizing certain types of civil unions, the division of assets could be much hazier when it comes to same-sex couples separating. If […]

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College Planning Tips

Financial Advisor Financial Advisor for Gay Couples Financial Advisor for LGBT Couples Financial Planning Financial Planning for Gay Couples Financial Planning for same-sex couples March 2, 2017 Author: Woody Derricks

It takes a lot of money to put a child through college. According to The College Board, the tuition for a public, in-state, four-year college averages $9,650 for the 2016-2017 school year. Out-of-state students average $24,930 this year, and students who are attending a private school are paying an average of $33,480. If you and […]

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Moral Peace of Mind with Socially-Responsible Investing

Financial Advisor Financial Advisor for Gay Couples Financial Advisor for LGBT Couples Financial Planning for Gay Couples Gay Friendly Financial Advisor Annapolis Investments LGBT friendly financial Advisor June 28, 2016 Author: Woody Derricks

In the wake of the Orlando shooting as well as other acts of gun violence over the past few years, I’ve been asked more and more about limiting gun manufacturers from client portfolios.  For those clients who have been concerned about guns, we’ve been discussing socially-responsible investing. While socially-responsible investing has been around for some […]

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Domestic Partnerships and Civil Unions

Financial Advisor for Gay Couples Gay Friendly Financial Advisor Annapolis March 30, 2016 Author: Woody Derricks

Domestic Partnerships and Civil Unions Source: https://www.irs.gov/ If you’re in a domestic partnership, civil union or similar formal relationship that is not a marriage under state law, you’re not considered as married for federal tax purposes. This was made clear by the IRS in its Revenue Ruling 2013-17. Revenue Ruling 2013-17 ruled that same-sex couples, […]

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IRS Changes for Same-Sex Married Couples

Financial Advisor for Gay Couples Financial Planning Taxes March 15, 2016 Author: Woody Derricks

So you’re a same-sex couple who can now marry in your state (or marry in a state other than your home state-where allowed).  That’s great!  What they don’t tell you when you get your marriage license and walk down the aisle is that your financial picture will change.  In many ways, you’ll see things become […]

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