Pride Month Q&A: Planning Steps to Take Now
During Pride month, we highlight common questions about tax & estate planning posed by LGBT families.
A: Since 2015, legally married same-sex couples can enjoy the same benefits − and burdens − afforded by federal law as do heterosexual married couples. The application of federal tax rules for married same-sex couples presents tax and estate planning opportunities that may not have been previously considered. With Pride month upon us, now is a great time to plan ahead for your loved ones.
This has been prepared for informational purposes, is general guidance only and does not constitute legal or professional advice. You should not act upon the information contained in this publication without first obtaining professional advice specific to, among other things, your individual facts, circumstances and jurisdiction. No representation or warranty (express or implied) is made as to the accuracy or completeness of the information contained in this publication, and CohnReznick LLP, its partners, employees and agents accept no liability, and disclaim all responsibility, for the consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it.
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