In many ways, we are living in an exciting time when history is being made. With more states legalizing Same-Sex marriage and the recent Supreme Court’s ruling eliminating DOMA, what happens in our generation will significantly affect our children and grandchildren. There are still unanswered questions, including the legal aspects of same sex divorce.
While divorce is never pleasant, for same sex couples in many states the courts are struggling with how to handle those dynamics. For instance, many couples have spent decades together before they were legally allowed to marry. What happens to those lifetime assets they’ve built should they divorce? And what happens if they divorce in a state that doesn’t even recognize same sex marriages? Does that mean a divorce is not necessary?
In New York, an average divorce can cost anywhere from $10,000 to $60,000 or each party; but one recent same sex divorce resulted in a $120,000 price tag. It shouldn’t be that difficult – or that unbalanced in terms of costs. There is also a new consideration that many hadn’t anticipated: federal income tax laws. In some cases, it’s been discovered that same sex couples who are splitting assets in a divorce discover they’re hit with a federal gift tax that is not placed on the shoulders of straight couples who are divorcing. It’s complicated, but it doesn’t have to be.
At The Latimer Law Firm, PLLC, you’ll find a compassionate and professional team of legal advocates whose only interest is to ensure your rights are protected and that you receive what you’re entitled too – minus the unreasonable price tag. While we know there are a lot of dynamics associated with same sex couple divorces in Saratoga, Albany and Schenectady, we are committed to playing a role in guiding our clients to a fair conclusion. The Latimer Law Firm, PLLC, has served the gay, lesbian, bisexual and transsexual community in Saratoga, Albany and Schenectady counties for over 21 years now. We know how to help you.
We invite you to contact us to schedule a complimentary appointment with any of our experienced Latham same sex divorce attorneys. We stand ready to provide guidance through an already complicated time.