Financial planning advice for same-sex couples
Q: Do you know of any good resources for finding financial planning for same-sex couples? We live in the D. C. area. With the Supreme Court ruling this summer, I’m at a loss to figure out how this will affect my husband and I, especially with taxes. We’ve tried asking friends, but we’re all in our mid-20s, so nobody else has looked into this.
A: Although you have some unique challenges, you shouldn’t have any problem finding a good financial planner. Just be sure the one you select is familiar with recent changes in the law concerning same-sex couples. In fact, your planner should work with a tax professional.
If your equally young friends aren’t getting advice from a planner, try older co-workers. You can also find an adviser through the Financial Planning Association. You can search for a planner by city, state, Zip code or specialty. Check with the National Association of Personal Financial Advisors, which is the professional association of fee-only financial planners. The Certified Financial Planner Board of Standards also has a search tool for planners. Be sure you ask how your financial planner is paid, which can vary from a commission, hourly fee, annual retainer or percentage of assets managed. Read more >
August 12, 2013