Tuesday, August 12, 2014
In a post-Windsor world, married same-sex couples now have equal treatment for federal tax purposes, creating new considerations for estate planning for same-sex couples. Now, all couples should give great weight to the importance of having talks about finances prior to marriage. A recent National Fatherhood Institute survey reveals that communication and finances are the top two causes of divorce. It is important that all couples discuss the financial basics, such as spending habits and expense sharing, as well as their goals for retirement and estate planning.
See Don McNay, Same Sex Marriage, Taxes and Winning the Lottery, Huffington Post, Aug. 10, 2014.