Legacy Planning Tips for Same-Sex Couples
When the Supreme Court legalized gay marriage, it didn’t alleviate many of the ambiguities related to legacy planning for same-sex couples. Children, physical and digital assets, and even family attitudes can impact the planning process for those in the LGBT community. To ensure that you leave the legacy you’ve always wanted, it is important to […]Continue reading ›
How Much Life Insurance Do My Partner and I Need?
Same-sex couples need to look at life insurance even more so than their heterosexual counterparts. With so many unknowns when it comes to the legal ramifications of civil unions and domestic partnerships, life insurance should be an integral part of every same-sex couple’s financial planning process. Life insurance should not be treated as a one-size-fits-all […]Continue reading ›
Prenuptial and Postnuptial Agreements for Same-Sex Couples
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 […]Continue reading ›
Jointly or Separately: How Should Married Same-Sex Couples File Taxes?
With tax filing just around the corner, many new same-sex couples are asking whether or not they should take advantage of simplified joint filing or file separately, as they did before marriage. While it may seem easier, filing jointly could actually result in higher taxes! It’s best to examine your circumstances and then consult a […]Continue reading ›
Moral Peace of Mind with Socially-Responsible Investing
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 […]Continue reading ›
Domestic Partnerships and Civil Unions
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, […]Continue reading ›