01 June 2015
Thought Leader of the Week: Debra Abbott-Walker
New planning opportunities for LGBT community make staying current beneficial
"A lot has changed since June 2013, when the U.S. Supreme Court overturned Section 3 of the Defense of Marriage Act, which banned federal benefits for same-sex married couples," says Debra Abbott-Walker, manager, Financial Services, in Prudential’s Southern New England Financial Group. "But even more changes are expected shortly," which is why, she says, June is a good time for LGBT Americans to sit down with their financial advisor and make sure they are up to date on applicable laws affecting their financial strategies.
Same-sex couples can currently marry in 37 states and the District of Columbia. But later in June, the Supreme Court is expected to announce its decision on whether same-sex couples have the right to marry everywhere in America. The decision will have broad implications for the LGBT community, including those couples who are not legally recognized as spouses in their state of residence. "Mapping out each other’s future—and retirement—can be especially challenging in these situations," Abbott-Walker notes.
Interested in more information? Read Prudential’s "LGBT Financial Experience" or our January 2015 update to "Financial Planning Considerations for Same-Sex Couples After Windsor." You can also download a check list LGBT couples can use to help map out their road to retirement. Want to speak with Debra? Contact Josh Stoffregen.
Prudential Financial, its affiliates, and their financial professionals do not render tax or legal advice. Please consult with your tax and legal advisors regarding your personal circumstances.
The Prudential Insurance Company of America Newark, NJ
Same-sex couples can currently marry in 37 states and the District of Columbia. But later in June, the Supreme Court is expected to announce its decision on whether same-sex couples have the right to marry everywhere in America. The decision will have broad implications for the LGBT community, including those couples who are not legally recognized as spouses in their state of residence. "Mapping out each other’s future—and retirement—can be especially challenging in these situations," Abbott-Walker notes.
Interested in more information? Read Prudential’s "LGBT Financial Experience" or our January 2015 update to "Financial Planning Considerations for Same-Sex Couples After Windsor." You can also download a check list LGBT couples can use to help map out their road to retirement. Want to speak with Debra? Contact Josh Stoffregen.
Prudential Financial, its affiliates, and their financial professionals do not render tax or legal advice. Please consult with your tax and legal advisors regarding your personal circumstances.
The Prudential Insurance Company of America Newark, NJ
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