LGBT Personal Planning
The Firm has always devoted a significant portion of its practice to lesbians and gay men, both single or partnered. With the exception of gift/estate tax planning, most of the personal planning principles applicable to straight couples apply to the LGBT community. With the recent advent of same-sex marriage in New York State, there are new considerations. However, the entire lay of the land changed with the June 26, 2013 U.S. Supreme Court decision repealing DOMA. Now, for the first time in history, married lesbians and gay men are granted all of the civil rights previously accorded only to heterosexual married couples. In addition, and very importantly, the same gift and estate tax savings previously available solely to straight married citizens, can now be implemented in the estate plans of lesbians and gay men; this will result in tremendous tax savings upon the death of a member of a married LGBT couple. (For those either contemplating marriage or already married, the Firm also prepares pre-nuptial and post-nuptial agreements as vehicles to protect the assets of a member of the lesbian or gay married couple; such may be particularly critical if one member had children prior to the current marriage.)
Frank Glinsky has been AV Preeminent® rated by Martindale-Hubbell® – the organization’s highest rating for legal ability and ethical standards - since 2010.