Joy Ekpouko

Marriage Vs Domestic Partnership

Domestic Partnership Marriage

Domestic Partnership : Sharing retirement benefits can be complicated.

Marriage : Spousal retirement benefits are easier to access.

Domestic Partnership : You may not have access to your partner’s health insurance.

Marriage : You’ll have access to spousal health insurance.
Domestic Partnership : They  are no special asset transfers.

Marriage : You have unlimited asset transfers in most states.

Domestic Partnership : You’ll avoid the “marriage tax” penalty.
Marriage : You’ll get a larger standard tax deduction and gift tax exemption.