Sunday, August 18, 2013

Via LA Times: Rulings on gay rights alter couple's retirement needs

Money Makeover

Rulings on gay rights alter couple's retirement needs

Gay couple need to change separate trusts set up before same-sex marriage became legal, advisor says, though answers to other questions remain unclear. 

After 14 years together, Mark Frey and Doug Vogel are finally finding out what it means to be a married couple preparing for retirement.

The Rancho Palos Verdes residents were elated when the U.S. Supreme Court struck down part of the Defense of Marriage Act in June. But the couple, who married in 2008, worried that the ruling raised questions about everything they had done to protect their family's financial future.

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