An Update on Same-Sex Marriage and Personal Finance

Following is an excerpt from the most recent Baltimore Gay Life Personal Finance column by Amanda Wooddell Wilhelm, a Manager at SC&H Group.

Our society is built around the concept of marriage, but as we know, there should be no difference when it comes to same-sex marriage. The right to personal choice regarding marriage is inherent in the concept of individual autonomy, which is a right provided and protected in our Constitution.

Based on the recent Supreme Court ruling, same-sex marriage is no longer unconstitutional, and is allowed in every U.S. state. Same-sex couples can now enjoy the same marriage rights provided to opposite-sex couples.

However, as a same-sex couple now able to celebrate the union of marriage – and enjoy the full legal benefits of marriage – what bearing does this have on your financial plans? It is important to take the time to understand the effect and potential benefits now available.

To learn more about new tax, estate planning, and other personal finance benefits for same-sex married couples, please read Amanda’s full article in the August issue of Baltimore Gay Life (Page 25) here. If you have any questions about this content, we welcome you to contact Amanda here.