Advisers Bolster Same-Sex Estate, Tax Planning

The Wall Street Journal
May 31, 2013

It's becoming a busy time for financial advisers with same-sex clients.

As more states recognize gay marriage and the U.S. Supreme Court gets ready to weigh in next month in a case that involves the federal tax rules for gay spouses, many same-sex couples want to change their tax and estate plans to keep pace.

For many advisers, a starting point is to review insurance policies and trusts in client estate plans. Some are even amending federal income, gift and estate tax returns for certain clients.