Industry News

Same-sex couples eye real estate benefits

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Equal protection of property laws The city of San Francisco this weekend issued marriage licenses to hundreds of gay and lesbian couples. Commentators, pundits, moralists, ethicists and everyday folks may hold their own opinions about the private lives of these same-sex couples, but whether they should be allowed to marry is a matter of public policy, and it's just as much about financial and legal matters as it is about love, sex and family. The non-marriage civil union has been proposed as a possibly palatable alternative to marriage, but equal treatment is the law of the land and the battle over racial segregation already established that separate and different is inherently unequal. Legally married couples have rights (e.g., the federal homeowner capital gains tax break) and responsibilities (e.g., joint repayment of debt) that the law doesn't apply to unmarried couples. Some of those rights and responsibilities involve the ownership of property. How are these couples supposed...