Month: September 2013

The ruling applies even if a same-sex couple resides in a jurisdiction that does not recognize same-sex marriages. Therefore, the IRS have adopted a “state of celebration” approach for the treatment of same-sex marriages. For example, if a same-sex couple marries in California, a state that recognizes same-sex marriages, and lives in Arizona, a state that does not recognize same-sex…

You can avoid probate only if the assets you hold in your name do not exceed $100,000 of real property or $75,000 in personal property (cash, accounts and tangible personal property). This is increased by $25,000. If more than $5,000 of wages are to be paid, then probate is needed. The wage amount was not increased. Sharon Ravenscroft and Heather…