In a close ruling, California's Supreme Court on Thursday overturned the state's ban on gay marriage, clearing the way for same-sex couples to tie the knot.
But because the federal government doesn't recognize gay marriage and California already has a strong domestic partnership law, the new ruling's nuts-and-bolts impact on gay couples' personal finances is expected to be limited, analysts said. For example, Social Security survivor benefits and Cobra, the continuation of employer health insurance after a job loss or divorce, still apply exclusively to the traditionally married.
Gay marriage ruling not a slam-dunk for benefits MarketWatch
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