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Planning Steps to Take Post Gay Marriage Ruling

By Neel Shah, Trusts|Estates|Law posted 07-17-2015 09:22

  

The Supreme Court’s recent decision has already had a big impact around the country, and it certainly influences the legal rights of same-sex couples with regard to taxes and spousal benefits. There are several different ways that this influences current planning. If you are planning to get married in light of the recent ruling, read on to learn about some of these critical impacts. 

The first factor has to do with healthcare. The spouse will now have priority in healthcare decision, a legal sticking point in the past. The spouse could also have a say in guardianship situations. Taxes are another way that couples may wish to evaluate their current decisions, since couples can now file as married on their state taxes.

There are other estate planning opportunities in light of this ruling, too. Survivorship benefits at the state level are now open, including plans like pensions. Special consideration of intestacy should be factored in, too, since spousal inheritance rules could apply if one partner passes away without a will.

Despite the fact that these changes will be happening across the country, it doesn’t mean that one size fits all. To discuss your family’s situation with an estate planning attorney so that your unique needs can be evaluated, contact us today at [email protected].

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