WBZ's Money Matters with Dee Lee

Tuesday August 12, 2008 - Same Sex Marriages: Children

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Play from 0:00[0:00] ..." The topic here on WB is the gay marriages with certified financial planner Dili and today we're looking at the implications of children in gay marriage. In how the laws cover"...

Play from 0:34[0:34] ..." need to adopt a child has to be true even if you're heterosexual couple mean Massachusetts law allows joint adoptions. But gets legal help you with your family planning. No real provisions are guidelines for child custody issues if there's a divorce. Now the divorce rate for married heterosexual couples is over 50% and I would venture a guess -- that same rate -- eventually apply to same sex marriages. So until the courts lay out some guidelines you bring your mountain. -- formal agreement with your partner the child you've been"...

Play from 1:26[1:26] ..." Current law does not give the same rights and protection. As a heterosexual couple have so unique creature -- you can do this with formal agreements that can be created to protect everyone in the family. Again pines -- professional help -- understand your situation. And family law now once again state laws and federal laws are covering what happens in divorce bright and so and they are different and because federal laws to not. Recognized this as a marriage in 79 your fighting the courts and tax wise there's problems federally. But your fighting"...

Play from 2:22[2:22] ..." can get that website through hours wbz1030.com. In -- more tomorrow on gay marriages prettier and WB -- news radio -- there."...

Play from 0:00[0:00]" The topic here on WB is the gay marriages with certified financial planner Dili and today we're looking at the implications of children in gay marriage. In how the laws cover what happens what refined. Anthony to create a family as we know they are the future. But same sex couples there are lots of legal issues when it comes to -- here again the courts did not define the rights of children. Or parents their legalization of marriage for same sex partners. If the child is biologically yours to child has more rights innocent child of your partner even if you marry the partner. He would need to adopt a child has to be true even if you're heterosexual couple mean Massachusetts law allows joint adoptions. But gets legal help you with your family planning. No real provisions are guidelines for child custody issues if there's a divorce. Now the divorce rate for married heterosexual couples is over 50% and I would venture a guess -- that same rate -- eventually apply to same sex marriages. So until the courts lay out some guidelines you bring your mountain. -- formal agreement with your partner the child you've been raising issue only. Could be taken away from new and you may not have visitation rights. There may be a question of child support your partner leaves you for someone else and -- family unit we be able to get child support he's not adopted that child. There are many emotions surrounding the brink of -- as well Anthony and children should not be pawns in the war feuding accounts that often are. Current law does not give the same rights and protection. As a heterosexual couple have so unique creature -- you can do this with formal agreements that can be created to protect everyone in the family. Again pines -- professional help -- understand your situation. And family law now once again state laws and federal laws are covering what happens in divorce bright and so and they are different and because federal laws to not. Recognized this as a marriage in 79 your fighting the courts and tax wise there's problems federally. But your fighting the courts if -- not adopted this child if you were racing this child that the biological child of your partner. -- it's so complicated. So you know you really need some good help an -- for an organization called -- planners. Which is a group of professionals helping -- couples whether it be financially or legally that's pride planners dot com it is okay you can get that website through hours wbz1030.com. In -- more tomorrow on gay marriages prettier and WB -- news radio -- there."

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Monday August 11, 2008 - Same Sex Marriages: Update

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Monday August 11, 2008 - Same Sex Marriages: Update 

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[1:51]..." a former spouse and no deduction for alimony it's considered a gift. Retirement plans cannot be split using it all by domestic relationship word known as a -- And divorce becomes nightmare that couples moved at a Massachusetts. And the marriage is not recognized in the news state house with a dubious third set rules -- third Merrill's forty states do not recognize same sex marriages. Six countries do. Your mother in law probably doesn't have the IRS and Social Security doesn't as you know your mother in law lays down rules sheet and she can okay we're looking at gay marriage all this week here on WBZ news radio 103. "...

[0:01]..." 1030 with certified financial planner -- this week we're looking at gay marriage. Now this is a series we have a look at in years it is in four years since it's been legal here "...

[1:15]..." there are 1138. I counted them. Federal benefits of marriage. Such as Social Security survivorship and it's on the death and the spouse and you have to over a thousand separate them. You carry cheaper here "...

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Wednesday August 13, 2008 - Same Sex Marriages: Estate Planning

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13 Aug 2008

Wednesday August 13, 2008 - Same Sex Marriages: Estate Planning 

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[0:00]..." The implications of gay marriage that's the topic here on WBZ news radio 1030 with certified financial planner -- and as we've learned. There could be 123. Sets of rules that gay marriages are covered by -- they were looking "...

[1:22]..." check everything you own and we to -- designated beneficiary. By -- retirement plans profiteering plant's life insurance policies annuities they need to be updated. You want them to compliment your current thinking and plants a document will need you still alive is adorable -- turning we've talked about this and -- times. This document allows someone to acting your behalf legally and financially. Person be able to fight your tax return sells stocks and mutual funds. Collect rent from your tenants make repairs in your house and -- if you're not able to "...

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Thursday August 14, 2008 - Same Sex Marriages: Estate Tax Planning

audio

14 Aug 2008

Thursday August 14, 2008 - Same Sex Marriages: Estate Tax Planning 

WBZ's Dee Lee talks about estate planning for same sex couples.

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[0:21]..." to really plan in the same holds for same sex couples. Now same sex marriage is only legal in Massachusetts and California and the federal government only recognizes that marriage between a man and a woman. So when you're doing your state planning you need to do double planning to accommodate both the federal and the Massachusetts state tax laws them -- and of course. I -- my new skeptically everything to a spouse free of federal Massachusetts state taxes. But we get hung up on the definition of spouse federally as someone of the opposite sex. From Massachusetts sister same sex partner -- Now federal law allows each of us an exemption that we can give -- two million dollars this year that's an increase to three point "...

[0:00]..." Gay marriages that's who we're talking about here on WBZ news radio 1030 with certified financial planner -- this week. And today we're focusing "...

[1:51]..." dollars -- it is no merit of the deduction. But he'll be real estate tax because -- fall below the current exemption. Massachusetts will recognize -- also benefit of marital deduction -- no taxes do. Now that's "...

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