In a Post DOMA World, Time to Look Over Your Real Estate Deed

San Francisco HomeNow 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 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.

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

Click here for gay realtors, mortgage lenders, and other real estate professionals.

If you have a gay real estate story that you’d like to share with us, contact us at [email protected]