Sunday, March 10, 2013

DOMA Rules Apply to IRA LLC and Self-Directed 401k



 While same-sex marriage was legalized in 3 more states on November 6, including Maine, Maryland, and Washington, the federal Defense of Marriage Act (DOMA) defines marriage as a legal union between one man and one woman for all purposes of federal law and retirement plans such as self-directed IRA LLC and self-directed 401k plans.



Same-sex marriage is now legal in eight states and the District of Columbia, including Massachusetts, Connecticut, Iowa, Vermont, and New Hampshire. In addition, California continues to recognize same-sex marriages that were performed between June 16 and Nov. 4, 2008, the period in which same-sex marriage was legal in California.

 

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