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Financial Planning for LGBT Couples After U.S. v. Windsor and Obergefell v. Hodges

Jun 09, 2019

Key Takeaways

  • The Windsor and Obergefell rulings provide LGBT couples with financial planning opportunities.
  • Spouses can be incorporated into workplace benefits such as medical insurance and retirement plans.
  • Combining assets may lead to tax and other implications – couples should seek financial guidance.

 

In June 2013, the U.S. Supreme Court overturned Section 3 of the 1996 Defense of Marriage Act, which had effectively banned federal benefits for same-sex married couples. In a subsequent case, the Supreme Court ruled in June 2015 that every state must permit same-sex marriages. As a result of these new rulings, employee benefits and financial planning strategies once available only to opposite-sex married couples are now available to same-sex married couples. This paper highlights several of the changes that have taken place, including changes to Social Security eligibility, and details how same-sex couples may wish to incorporate them into their financial planning strategies.

Read More

What should same-sex couples focus on when it comes to financial planning? Download Financial Planning for LGBT Couples After U.S. v. Windsor and Obergefell v. Hodges   PDF opens in a new window for more insights.

Download A Financial Checklist for Married Couples   PDF opens in a new window

 

The Prudential Insurance Company of America, Newark, NJ

 

For Compliance Use Only:1020312-00001-00

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