4/27/2024 0 Comments North dakota estate plan checklistIf you and your spouse both use these accounts, remember that the maximum that can be deposited each year is reduced from $10,000 (for two single individuals) to $5,000 (for a married couple). □ Dependent Care Flexible Spending Accounts If you have named a non-spouse beneficiary, your spouse should provide written consent, as non-spouse beneficiary designations done without consent will be deemed invalid.Ĭonsider enrolling your spouse for voluntary group life insurance if your employer makes it available. Review your defined contribution plan - like a 401(k) plan - beneficiary designation to ensure it reflects your current intention. If you have named a non-spouse beneficiary, your spouse must provide written consent, as non-spouse beneficiary designations done without consent will be deemed invalid. If you participate in a defined benefit pension plan at work, review your beneficiary designation to ensure it reflects your current intention. You may consider using Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs), and Health Savings Accounts (HSAs) for qualified healthcare expenses of a same-sex spouse. The Supreme Court’s ruling overrides South Dakota’s law that prohibited same-sex marriage and will undoubtedly have a major impact on estate planning opportunities for same-sex spouses in our state. Here’s a quick post- Obergefell checklist for same-sex married couples in South Dakota.Ĭheck to see whether you or your spouse can receive better or less expensive healthcare benefits by joining the other’s workplace plan. Hodges, finding that same-sex married couples are entitled to equal protection under the laws, and that their marriages must be recognized in all fifty states – including South Dakota. In 2015 the United States Supreme Court issued its opinion in Obergefell v.
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