June 26, 2015
Modern Family & LGBT Services Group Co-Leaders Nanette Lee Miller and Janis Cowhey, Quoted in CPA Practice Advisor Article, "Tax and Financial Implications of the Supreme Court's Ruling on Marriage Equality."
By Isaac M. O'Bannon
Tax and Estate Planning experts from the Modern Family & LGBT Services Practice group at Marcum LLP responded to the financial implications of today's U.S. Supreme Court decision establishing same-sex marriage as a legal right in all 50 states. The Court's decision in Obergefell v. Hodges determined that the Fourteenth Amendment requires all states to license a marriage between two people of the same sex. The ruling also established that the Fourteenth Amendment requires a state to recognize a marriage between two people of the same sex when their marriage was lawfully licensed and performed out-of-state.