Windy City Media Group Frontpage News
Celebrating 30 Years of Gay Lesbian Bisexual and Trans News
home search facebook twitter join
Gay News Sponsor Windy City Times 2020-09-16
DOWNLOAD ISSUE
About WCMG Publications News  Entertainment Features Donate Bars & Clubs Calendar Advertisers OUT! Guide    Marriage

Sponsor

  WINDY CITY TIMES

LGBT issues spotlighted at financial/legal planning event
by Carrie Maxwell, Windy City Times
2016-05-11

facebook twitter pin it google +1 reddit email


Don Martin ( MetLife financial services representative ) and Michelle Sinkovits, Esq. ( partner at Greenberg & Sinkovits, LLC ) co-presented the "Planning With Pride: Marriage Equality Didn't Fix Everything" event on May 3. At one point, they commented that 63 percent of LGBT people say they feel underserved in both the financial and legal realms.

Martin and Sinkovits decided to hold this event to help bridge that gap and provide the LGBT community with the information they need to navigate these realms.

The event focused what people need to know to navigate family planning as a member of the LGBT community as well as how they can best legally and financially protect their family. They also touched on the specific financial and legal issues facing the transgender community.

Sinkovits noted that her firm does family law and estate planning, while Martin said he works specifically with the LGBT community.

Martin explained that there are very few members of the LGBT community working in the financial services industry and that can pose a problem for those within that community who are seeking those services.

Sinkovits said that although Illinois made some changes to their parentage and marriage and dissolution of marriage laws in 2016, not all of these changes are good. She explained that same-sex couples have to create contracts and/or go through the adoption process to legally become parents if they aren't the birth mother.

Martin spoke about the various ways same-sex couples can become parents, including adoption, surrogacy and in vitro fertilization treatments. He noted that all of those options involve additional costs, except in the case where the state pays a couple to adopt an older child to get them out of the system.

When a same-sex couple goes through a divorce proceeding, the courts only look at the time in which the couple was legally married, not the years prior to that marriage and that puts these couples at a financial disadvantage since marriage equality is relatively new for most of the country, said Sinkovits. She explained that one of the ways this can be remedied is by drawing up a prenuptial agreement but that involves additional costs.

In terms of legal and financial agreements, Martin stressed the importance of having them in place and signed off by an attorney.

Sinkovits noted that although there is nationwide marriage equality, same-sex couples should still have their powers of attorney documents with them when they are traveling.

Martin explained that while same-sex couples have specific additional financial costs; transgender people have their own financial concerns including paying for hormones, therapist visits and in some cases gender confirmation surgery as well as the legal costs to get their documents changed. Martin noted that transgender people also face additional insurance costs due to the mental nervous rider that is placed on their insurance for the rest of their lives.

The LGBT Chamber of Commerce of Illinois hosted the event while MetLife and Greenberg & Sinkovits, LLC sponsored it.

This was the first in a series of financial and legal events Martin and Sinkovits will be holding for the LGBT community. The next one is slated to take place in September.


facebook twitter pin it google +1 reddit email





Windy City Media Group does not approve or necessarily agree with the views posted below.
Please do not post letters to the editor here. Please also be civil in your dialogue.
If you need to be mean, just know that the longer you stay on this page, the more you help us.


  ARTICLES YOU MIGHT LIKE

Gay News

TELEVISION Actors talk about tackling 'Ratched' roles, working with Ryan Murphy 2020-09-16 - It takes the winning combination of gay producer Ryan Murphy and lesbian actress Sarah Paulson to bring the fictional story of Ratched to ...


Gay News

New public artworks coming to Chicago Riverwalk 2020-07-22 - CHICAGO, IL — The Department of Cultural Affairs and Special Events ( DCASE ) in collaboration with the Department of Assets, Information and ...


Gay News

State law takes effect to strengthen Illinois workplace non-discrimination 2020-07-01 - Illinois' foundational civil rights law will now protect more workers from discrimination as a new statute to strengthen the Illinois Human Rights Act's ...


Gay News

Phase 3 guidelines for reopening of businesses/workplaces are unveiled 2020-05-24 - Governor JB Pritzker released industry-specific guidelines that allow for the safe reopening of businesses as the state progresses into the next phase of ...


Gay News

Man working to help LGBTQ seniors 2020-05-13 - Danny Beers is working to help LGBTQ seniors during the coronavirus pandemic. Five days a week, Beers has been collecting donated food and ...


Gay News

Virtual reading of Terrence McNally work on April 16 2020-04-15 - In honor of Terrence McNally, who recently passed away at age 81 of complications from COVID-19, four actors—each participating from a remote location—will ...


Gay News

Fundraisers online for workers sidelined by Chicago bar closings 2020-03-27 - In the wake of the COVID-19 pandemic, Governor JB Pritzker has ordered the closing of all bars and restaurants for dine-in business at ...


Gay News

Pride at Work on COVID-19, working people, AAPIs 2020-03-27 - Statement from Pride at Work: We know this is a very concerning time for everyone right now, and we are reaching out to ...


Gay News

Police, fire officials joint Dept. Public Health work to protect first responder 2020-03-24 - CHICAGO — Chicago Police Superintendent Charlie Beck and Chicago Fire Department Commissioner Richard Ford II today joined Chicago Department of Public Health ( ...


Gay News

Tree House Humane Society promotes cat co-workers, good company for work-at-homers 2020-03-19 - CHICAGO, IL - The Coronavirus crisis has necessitated more people begin working from home than ever before. Social distancing can be isolating, but ...


 



Copyright © 2020 Windy City Media Group. All rights reserved.
Reprint by permission only. PDFs for back issues are downloadable from
our online archives. Single copies of back issues in print form are
available for $4 per issue, older than one month for $6 if available,
by check to the mailing address listed below.

Return postage must accompany all manuscripts, drawings, and
photographs submitted if they are to be returned, and no
responsibility may be assumed for unsolicited materials.
All rights to letters, art and photos sent to Nightspots
(Chicago GLBT Nightlife News) and Windy City Times (a Chicago
Gay and Lesbian News and Feature Publication) will be treated
as unconditionally assigned for publication purposes and as such,
subject to editing and comment. The opinions expressed by the
columnists, cartoonists, letter writers, and commentators are
their own and do not necessarily reflect the position of Nightspots
(Chicago GLBT Nightlife News) and Windy City Times (a Chicago Gay,
Lesbian, Bisexual and Transegender News and Feature Publication).

The appearance of a name, image or photo of a person or group in
Nightspots (Chicago GLBT Nightlife News) and Windy City Times
(a Chicago Gay, Lesbian, Bisexual and Transgender News and Feature
Publication) does not indicate the sexual orientation of such
individuals or groups. While we encourage readers to support the
advertisers who make this newspaper possible, Nightspots (Chicago
GLBT Nightlife News) and Windy City Times (a Chicago Gay, Lesbian
News and Feature Publication) cannot accept responsibility for
any advertising claims or promotions.

 

 

 

TRENDINGBREAKINGPHOTOS

Sponsor
Sponsor


 



About WCMG Publications News  Entertainment Features Donate Bars & Clubs Calendar Advertisers OUT! Guide    Marriage


About WCMG      Contact Us      Online Front  Page      Windy City  Times      Nightspots      OUT! Guide     
Identity      BLACKlines      En La Vida      Archives      Subscriptions      Distribution      Windy City Queercast     
Queercast Archives      Advertising  Rates      Deadlines      Advanced Search     
Press  Releases      Event Photos      Join WCMG  Email List      Email Blast     
Upcoming Events      Todays Events      Ongoing Events      Post an Event      Bar Guide      Community Groups      In Memoriam      Outguide Categories      Outguide Advertisers      Search Outguide      Travel      Dining Out      Blogs      Spotlight  Video     
Classifieds      Real Estate      Place a  Classified     

Windy City Media Group publishes Windy City Times,
The Bi-Weekly Voice of the Gay, Lesbian, Bisexual and Trans Community.
5315 N. Clark St. #192, Chicago, IL 60640-2113 • PH (773) 871-7610 • FAX (773) 871-7609.