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Misconceptions about Estate Planning « Probate & Estate Planning Lawyer Miami Florida
Dec
14

Misconceptions about Estate Planning

I see a lot of misconceptions about estate planning and what it means.  I met with a couple this week, who had “planned” their estate by putting their adult children on all of their properties.  They were concerned because one was getting married.  I pointed out that all of their children’s creditors had access to a portion of all the joint assets- everything the couple had except their homestead.  This well off couple was not aware of the intended consequences of joint ownership.  Everyone has their own unique fact pattern, so get professional help.

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