The Florida Planning Law Firm

A Law Firm Dedicated to Success for All of Our Clients

  • Facebook
  • LinkedIn
  • Twitter
  • Home
  • About Us
  • Attorneys
  • Practice Areas
    • Estate Planning
    • Probate
    • Guardianships
    • Taxation
    • Business Formations
    • Asset Protection
    • Adoptions
    • Special Needs Planning
  • Resources & Links
  • FAQs
  • S&S Blog
  • Contact Us: 904-853-6268

ARE ESTATES BY ENTIRETIES OR JOINT TENANCY WITH RIGHT OF SURVIVORSHIP SUBSTITUTES FOR A WILL?

Joint tenancies with rights of survivorship can be established when two or more persons title bank accounts and other assets in their multiple names with the intent to have ownership pass directly to the surviving named owners when one dies. A “tenancy by the entireties” is much the same but involves only married persons. These forms of joint ownership can avoid probate of the account or other asset when an owner dies. While this can be very efficient in some cases, use of joint ownership can be fraught with problems at death and cause more problems than it solves.

Among other unforeseen problems, indiscriminate use of joint ownership can cause an increase in estate taxes over the joint lives of married persons, force double probates in the event of simultaneous deaths, create unfairness as to who pays for funeral expenses and claims against the decedent, raise undesired exposure during life to the debts of co-owners, and cause a shortage of funds for payment of estate taxes which can cause litigation with the taxing authorities.

Welcome

FLORIDA’S ABLE UNITED

If you or someone you love has a disability, an ABLE (Achieving Better Life Experience) account is a great way to make life better. Start 2019 off with the Basics on ABLE United webinar and learn why more than … more...

Practice Areas

Estate Planning
Probate
Guardianship
Taxation

Business Formations
Asset Protection
Adoptions
Special Needs Planning

Welcome to Short, Setzer, Cowart, The Florida Planning Law Firm

We offer clients individually tailored estate planning advice that leverages their ability to transfer wealth to future generations while minimizing taxes, risk of loss and family acrimony. We have extensive experience representing individuals and businesses to preserve and pass on our clients’ lifetime of hard work, vision, and sacrifice. We welcome the opportunity to discuss your needs, our qualifications, and fee structures with respect to estate planning and trust and estate administration. We are a caring and compassionate law firm working hard to assist our clients pass on their Family Wealth and Legacy to their loved ones!
Read More

Learn More…

Connect With Us

625 Atlantic Blvd. Atlantic Beach, FL 32233

Tel: (904) 853-6268
Fax: (904) 853-5671

[email protected]

Mission Statement

To provide our clients with the highest level of service, focused on exceeding their individual needs. To provide our employees with a supportive environment that facilitates personal and professional growth and success.

Why Do I Need A Will?

Having a will is arguably one of the most important things you can do for yourself and your family. Not only can a will legally protect your spouse, children, and assets, it can also spell out exactly how you would like things handled... more

Our Location

We are located in the heart of Atlantic Beach west of Monahan Jewelers and east of the Wine Warehouse and Soup’s On. Click here for an interactive map and contact information.

Copyright © 2014 · Short & Setzer