Professional Documents
Culture Documents
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older estate plans and substantial that includes a bypass trust, have
it reviewed by a certified
Listen to Joe Karp with elder law/estate planning
Anita Finley on Saturday, attorney, who can examine
April 10 from 7:00-7:30 AM it to ensure the surviving
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on WSBR 740AM and on the spouse is economically
Internet at www.wsbrradio.com. protected.
assets. If this describes you, you Joseph S. Karp is a nationally certi-
should review your estate plan to fied and Florida Bar-certified elder law
make sure each spouse is economi- attorney (C.E.L.A.) specializing in the
cally protected. Here’s why: practice of Trusts, Estates and Elder Law.
His offices are located at 2500
Years ago, couples with potentially Quantum Lakes Drive, Boynton Beach;
taxable estates often set up a bypass, 2875 PGA Blvd., Palm Beach Gardens;
or credit shelter trust. The husband and 1100 SW St. Lucie W. Blvd., Port
and wife each had their own trusts. St. Lucie.
Standard language in each trust said Call him at 561-752-4550 (Boynton);
that “the maximum amount that can 561-625-1100 (Palm Beach Gardens);
be passed tax free” would go into a or 772-343-8411 (Port St. Lucie).
credit shelter trust when the trustor Toll-free from anywhere: 800-893-9911.
died, with the remainder going out- E-mail: KLF@Karplaw.com or website
right to the surviving spouse. In some www.karplaw.com.
cases, the survivor would get income, Read The Florida Elder Law and
but not principal, from the credit shel- Estate Planning Blog at
ter. Then, when the survivor died, the www.karplaw.blogspot.com.