Now that the repeal of the Defense of Marriage Act’s Section 3 has changed the landscape for gay and lesbian couples, it’s time to look over your financial arrangements, including any real estate the two of you may own. Joseph Pisani at TribTown.com reports:
Some married gay couples may have left spouses out of real estate deeds to avoid a gift tax, which is triggered when someone transfers money or property to another person, says Popovich. Same-sex married couples no longer have to pay gift taxes after the Supreme Court ruling. If you want to add a spouse to a real estate deed, speak to a lawyer who can make that change.
Joseph also suggests checking your taxes, your will, and your health benefits – hit the link above for more details.
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