It’s been quite some time since a Supreme Court ruling was watched so closely as the federal Defense of Marriage Act, or DOMA, has been. Now, though, a few weeks in, how does the future look for New York same sex couples when it comes to estate planning and even financial planning? This week, we take a look at a few of those dynamics. DOMA Across the Marital Board First, it’s important to remember that many of the details in the Supreme Court’s ruling are applicable across the board. Many … [Read more...]
Estate Planning For Same Sex Couples
The primary reason why it is important to have an estate plan in place, whether you have significant assets or not, is to ensure that your wishes are carried out in the manner that you choose. If you don't record your wishes, the state is left to decide who will make health care decisions in your behalf should you become incapacitated. They will also determine how your assets will be distributed in the event of your death. Few if any of us want that, and this is why a comprehensive estate plan … [Read more...]
