Financial planner for gay couple
Is financial planning for same-sex couples different from that of other couples? You bet. Your Life: You are a same-sex couple and happy to be one. But your family may be uncomfortable with your sexual preferences.
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Same-Sex Couples And Financial Planning
AARP Pride: 5 Estate Planning Tips for Gay and Lesbian plusers -
My husband and I have differing opinions on insurance. Yes, we're both multi-cultural and multi-racial. My dad showed me where the life insurance policies were located in a safe when I was 10 years old. In his mind, why buy insurance when you have family? I then applied for life insurance on my own, scheduled the paramedical exam when I was six months pregnant, and agreed to pay the life insurance premiums for us both.
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Money Tips for Gay Couples
The IRS now recognizes any same-sex marriage entered into legally irrespective of whether the couple lives in a state where marriage is legal. There are more than , married gay and lesbian couples in the United States, according to U. Census Bureau data in
Today, thanks to the legalization of same-sex marriage in countries such as the United Kingdom, Canada and more recently in the United States, estate, financial and tax planning are largely the same for gay and straight unions. Given that the changes in laws are relatively fresh in some countries, some LGBTQ households may not be aware of their rights when it comes to financial, tax and estate planning. Or they may be complacent — not unlike heterosexual couples. Estate planning refers to planning who will receive your assets after you die, how those assets will be distributed, how you would like to be cared for if you become incapacitated before death, and guardianship of any minor children.
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