June 26, 2013
Nanette Lee Miller, West Coast Partner-In-Charge of Assurance Services and Leader of the LGBT Practice Group, Interviewed in San Francisco Business Times Article "Gay Marriage Expected To Juice California Real Estate Even Higher"
By Mark Calvey
The Supreme Court's two decisions Wednesday supporting gay marriage could add fuel to California's already hot housing market.
"Married gay couples are going to have more confidence in making a home purchase," predicted Nanette Lee Miller, West Coast partner-in-charge of assurance services at accounting firm Marcum in San Francisco.
Striking down the federal Defense of Marriage Act now means gay couples can pass assets to a surviving spouse without estate taxes, which added up quickly in San Francisco's housing market where a million-dollar home is far from a mansion. The ability for the couple to collect spousal benefits under Social Security also is a big lift for the family finances.
Miller says another plus will be gay married couples' ability to file taxes jointly. Previously, such couples had to file jointly with the state and produce individual federal returns, splitting income under California's community property laws.Click here to read full interview on www.bizjournals.com >>