On July 9, 2011, the Wall Street Journal reported in its Family Values section the following:
"Same-sex couples can get married in five states and the District of Columbia—and in New York starting July 25. But the happily-ever-after part doesn't necessarily extend to their personal finances.
Such couples still can't file a joint federal tax return, share retirement benefits, shield each other's assets from estate taxes or benefit from many other tax breaks provided through federal law.
As a result, same-sex couples who marry have to stay on guard, doing even more financial and legal planning, in some cases, than those who don't choose to tie the knot."
" 'Same-sex couples who get married in New York will find they have some, but not all, of the benefits and burdens of being married,' says John Olivieri, a partner in White & Case's private-client group in New York."
Read Headaches for Same-Sex Couples here. [Last accessed, July 10, 2011] Green, Kelly. The Wall Street Journal, July 9, 2011
Other articles involving issues confronted by same-sex couples may be read on this Blog:
The Law & Living Together
Oct 19, 2010 by Jeanne M. Hannah
American attitudes about marriage, divorce, cohabitation, non-marital births, and same sex marriage
Jul 1, 2007 by Jeanne M. Hannah
What Special Real Estate / Property Issues Arise in Cohabitation Relationships?
Apr 14, 2005 by Jeanne M. Hannah