Marriage equality did not remove all planning barriers for LGBTQ+ individuals, couples or business owners. Also, some recognition varies between States which can be a benefit at tax filing time but a detriment when considering other matters.
Acting as a resource and ally to my LGBTQ+ clients I approach Financial Planning with a knowledge of what the process involved prior to the 2015 and 2020 Supreme Court rulings, what those ruling mean for planning currently while maintaining an acute awareness that rulings can be overturned.
For single individuals, those divorced or divorcing and business owners, other planning challenges exist.
As with all my clients, my process is that I gather the necessary documents, ask a lot of questions and I: