After Thea Spyer died in 2009, her spouse, Edie Windsor, had to pay $638,000 in estate tax payments to the IRS and the state of New York because DOMA only recognized marriages between a man and a woman. Following the Supreme Court’s DOMA ruling, Windsor, the plaintiff that brought the case before the Court, gets that money back – plus about $70,000 in interest. What kind of cut goes to her lawyer? None – the case was taken pro bono.
But, Lloyd Lofton contends, people do want other things.
A group of shareholders is seeking control of the parent, HC2.
The ruling applies to Transamerica's indexed annuities as well as to variable annuities and hybrids.
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