planning,  Uncategorized

Financial Planning In The Era of Marriage Equality

Everyone should have some kind of financial plan.  For many people, this does not become clear until they get married and start a family.  Once there is more than one person to think about supporting, it becomes fairly obvious that a plan must be in place in order to avoid bad consequences for spouses and kids.

Most financial planning instruments were devised before America embraced marriage equality.  As a result, these devices and mechanisms make assumptions about families that, in many cases, no longer suit the real world.  As a result, it is a good idea to make sure that you have a financial plan in place that will fully protect your family.

I borrowed the above graphic from Prudential, because I think it gives a good jumping off point to see where some of the issues may exist.  It is worth noting that the graphic is from a piece of advertising, so take it with a grain of salt, because there may be certain biases.

If you would like to know more about this sort of thing, I would be happy to speak with you!  An attorney is a great resource for estate planning and other protections you can put in place for your family!

As always, please do not hesitate to contact me at 773-632-8330 or  And finally, as always, I am honored by your referrals.  To learn more about my practice, please contact me!  And if you are looking to buy or sell property, I would love to set you up with one of my fantastic real estate brokers.

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