To protect your safety in response to the threats of COVID-19, we are offering our clients the ability to meet with us in person, via telephone or through video conferencing. Please call our office to discuss your options.

Taxes a concern for Florida residents when estate planning

There are a number of issues those residing in Florida or elsewhere deal with when making their plans for their estates. One of the biggest concerns those with significant assets face, though, is taxes. When estate planning, certain actions may be taken to help ensure beneficiaries, not the government, will receive their intended inheritances.

The last thing one would want to see is all his or her hard work end up going into the hands of the government instead of his or her beneficiaries. According to a recent survey, this is actually a very real concern for those with a minimum of $1 million in investable assets. The constant changes in the federal estate tax law, though, has left many confused as how to best protect their properties and families.

Planning one's estate is not a one and done deal, so to speak. Changes in tax laws are just one reason to revisit and revise estate plans throughout the years. Some, though, seem to get tired of the constant changing and fail to get advice or make adjustments that will only benefit their loved ones down the line. Those at the low end of the high-asset spectrum are less likely to readdress their estate plans. In fact, about a third of these individuals are supposedly not taking advantage of complete estate planning protections.

As nice as it would be to create one estate plan that is good for life, it just does not work out that way due to changes in estate laws. An experienced estate attorney can help Florida residents through every stage of estate planning, whether one is just getting started or needing to make adjustments to better protect one's assets and beneficiaries. While frequently changing one's plans can make final estate preparations seem difficult, for tax purposes alone, it is well worth one's time and effort.

Source:, "Rich" Suffering from "EP" Fatigue?", July 13, 2015

No Comments

Leave a comment
Comment Information

Request Your Free Telephone Consultation

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

This site uses Google's Invisible reCAPTCHA, which is subject to Google's Privacy Policy and Terms of Use.


North Office
950 S. Winter Park Dr
Suite 290
Casselberry, FL 32707

Toll Free: 888-681-4389
Casselberry Law Office Map

South Office
14115 Town Loop Blvd #300
Orlando, FL 32837

Toll Free: 888-681-4389
Orlando Law Office Map

At Korshak & Associates, P.A. we love feedback from our clients. Please take a moment and tell us how we’re doing!

Review Us