LGBTQ Estate Planning Law: IRS Ruling on Married Same-Sex Couple

Hot off the Press: The IRS has passed a Ruling that says a married same-sex couple, who was legally married in a state that recognizes this marriage, WILL be treated Married for all Federal tax purposes. This means they can file a joint married income tax returns and take advantage of the unlimited federal exemption for estate taxes of a married couple. It does not matter if the couple moves or currently lives in a state that does not recognize same-sex marriages. The law also provides that the couple can AMEND their previous federal returns. This is a hot area of law right now. We’ll keep you posted on more developments as they arise. Krueger Hernandez & Thompson SC believes EVERYONE needs an estate plan. We take pride in offering guidance, education and enlightenment to all people of all economic levels, ethnic backgrounds and beliefs as to the importance of having an estate plan in place. Call us for a FREE no-obligation appointment for your estate planning needs. We have offices in the Madison and Baraboo area in the State of Wisconsin. Visit our website: KH-LAW.net.

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Stephanie Thompson, Estate Planning Attorney of Krueger Hernandez & Thompson SC

As the owner of Krueger Hernandez & Thompson SC, it is Stephanie’s mission to address each client’s goals for their estate plan. By identifying their wishes and concerns she can educate, guide, and counsel on the different tools and options that will effectively and efficiently accomplish those goals.

Latest posts by Stephanie Thompson, Estate Planning Attorney of Krueger Hernandez & Thompson SC (see all)

• The Questions of Estate Planning, Part 6: Why - January 6, 2020
• The Questions of Estate Planning, Part 5: How - January 2, 2020
• The Questions of Estate Planning, Part 4: Where - December 30, 2019