Kyle Young, First Vice President Investment Officer with the Accredited Domestic Partnership Advisor Designation, Wells Fargo Advisors, LLC, in Short Hills, N.J., addresses the unique financial challenges faced by same-gender partners. This is the 10th article in a continuing series.
2013 began with newly reelected President Obama making history as he made his thoughts very clear on the injustices facing all LGBT couples across the country. He remarked, “Our journey is not complete until our gay brothers and sisters are treated like anyone else under the lawfor if we are truly created equal, then surely the love we commit to one another must be equal as well.”
In what could only be described as the highest degree of irony, these remarks were made at a time when the federal government still had a standing law, the Defense of Marriage Act (DOMA), prohibiting access to federal benefits for all married LGBT couples. Even for couples who were legally married in the state in which they reside, the federal government simply denied any recognition of their union.
