We Can Help - Se Habla Español

April 2014 Archives

Estate planning results in desired outcomes

Florida residents may be wondering whether their spouse is able to steal their Social Security payments. When a person is no longer capable of handling his or her own finances, a representative payee can manage the money, but they must use the funds for the benefit of the recipient. Any other uses may be considered fraud.

Inherited IRAs may no longer be safe from creditors' claims

Florida residents may be interested in an upcoming Supreme Court decision expected in June. IRA accounts may be treated differently when it comes to inheritance. In some jurisdictions, such as the 8th Circuit, inherited IRAs are exempt from creditors' claims in bankruptcy. In other jurisdictions, most notably the 7th Circuit, they might be open to claims by the heir's creditors. Because of this difference, the Supreme Court is considering how they should be treated when inherited.

Trusts and asset protection

Many people in Florida who want to leave money to their children or grandchildren may be concerned that the heirs lack the ability to manage it. The benefactor may visualize his or her beneficiaries becoming wasteful or family money ending up in the hands of an ex-spouse. Trusts can provide some forms of protection in this regard.

Some common estate planning mistakes

Florida residents may be interested in an article detailing some of the biggest mistakes that people make when planning their end-of-life personal and financial affairs. Failing to have a plan at all is one error, but there are others that may be less apparent.

  • Avvo Clients' Choice
  • Lawyers.com
  • ATG
  • JDSUPRA | Give Content. Get Noticed.
  • SSF | Short Sale Facilitators
Email Us For A Response

Contact Korshak & Associates

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

North Office
950 South Winter Park Drive
Suite 290
Casselberry, FL 32707

Toll Free: 800-587-2470
Phone: 407-680-1471
Phone: 407-680-1471
Casselberry Law Office Map

South Office
13574 Village Park Drive
Suite 235
Orlando, FL 32837

Toll Free: 800-587-2470
Phone: 407-680-1471
Orlando Law Office Map

Back to Top