Some families now have 2 moms or 2 dads; while others (single parents) with the help of Assisted Reproductive Technologies (ART) are creating their own families.  There are even more variations on the traditional theme: often same-sex couples do not have children and sometimes, struggle with deciding whether to now get married after years of being together.

On June 26, 2015, the Supreme Court recognized the right for same-sex couples to marry in every state. Previously, it was up to each state whether same-sex couples could legally marry. Even so, such valid marriages under state law had only recently gained federal recognition.

Same-sex couples and other non-traditional families often have estate planning needs that are unique. While same-sex couples now enjoy the same rights and benefits as opposite-sex couples with respect to marriage, family dynamics and social stigma still play a part. Although there may not be a legal obstacle to marry, same-sex couples need to evaluate the pros and cons when considering whether to wed.

Scott E. Squillace, a Boston-based estate planning attorney specializing in work with the LGBTQ community, discusses practical estate planning tips for same-sex couples, will help evaluate the question of whether to wed from a legal, tax and financial planning perspective, capturing previously unavailable benefits, and discuss issues facing non-traditional families. 

This session covers:   
I.            Achieve a basic understanding of the legal path to marriage equality

II.            Gain practical estate planning tips for  same sex couples

III.            Identify the pros and cons of marriage from a legal, tax and financial planning perspective

IV.            Become aware of a potential “marriage bonus” or “marriage penalty” couples face when filing federal income tax returns

V.            Discuss issues faced by other non-traditional families

VI.            Appreciate the concern within the LGBTQ community that the current administration may set back marriage equality