Massachusetts was the first state to approve same sex marriage in On June 26, the Supreme Court established that same sex marriage was legal in all 50 states. Same sex couples can now take advantage of the same benefits traditionally married couples can. Same sex married couples can now gift or pass an unlimited amount of assets or property to each other without needing to use any gift or estate tax exemptions. If the partners were not married each one of them could only collect the benefit based on their own salary. Married same sex couples with retirement accounts have significant advantages over non-married couples.
7 Ways the U.S.A. Benefits From the Legalization of Gay Marriage | HuffPost
We already know what the LGBT community is to gain when same sex marriage is legalized. They are the ones who need the motivation to get behind the rainbow flag. To do this, the LGBT community needs to convince them that same sex marriage is beneficial not only for same sex couples, but for the society in general.
It has been just over three years since same-sex marriage was passed and today we find ourselves in a completely different political environment that may put it at risk. For this reason, I will focus on just a few of the 1, federal benefits that same-sex married couples can now enjoy. Despite same-sex marriage being legal, same-sex couples need to make sure they weigh the legal and financial differences of getting married versus opting out of marriage. For those of us in the LGBT community who are wondering about the financial repercussions of marriage, an essential first step is to have your financial situation reviewed by a Financial Advisor with experience in advising same-sex couples.