On June 28, 1969, police raided the Stonewall Inn in Greenwich Village. The ensuing riots are regarded by many as the start of the gay rights movement in the United States. How fitting that the Supreme Court's ruling that state bans on same-sex marriages are unconstitutional comes almost exactly 46 years later. For those of us who have spent all or a portion of those 46 years trying to help LGBT couples plan for their financial futures, while existing as legal strangers, this ruling makes our specialty almost obsolete.
Essentially, many of the planning challenges that existed for couples even five years ago are gone, though there are still some potential problems LGBT clients could face in creating their financial plans. While emotionally this marks a turning point in our nation's history, what does it mean practically for financial planners?
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