NEWS: Supreme Court Ruling on Gay Marriage

Supreme_Court_of_the_United_StatesJune 26, 2015 – Today, in a historic decision, the U.S. Supreme Court declared that denying same-sex couples the freedom to marry violates the U.S. Constitution – a decision that extends the freedom to marry to all same-sex couples nationwide. The Justices ruled in six cases from Tennessee, Kentucky, Michigan and Ohio (known as Obergefell v. Hodges).

In 25 days, when the ruling takes effect, all 50 states must allow same-sex marriage and must recognize same-sex marriages from other states and countries. The legal maze created by the lack of uniformity amongst the states will be unraveled and financial, estate and income tax planning will generally become more simplified for existing and soon-to-be married couples.

We’ll continue to follow these changes and provide analysis as they become available.