(561) 935-9763
Maura Curran, Attorney
Jupiter, FL 33458

Myths & FAQ on Planning with a Joint Trust


Part 1-Clearing the Air: Dispelling Joint Trust Myths

Good folks, marriage has a large base in finance and just like in the world of finance, estate planning myths are as rampant as market rumors. Let’s cut through the noise and get the facts straight on joint trusts.


Myth #1: Marriage = Joint Trust Only

Hold up! Just like diversifying your stock portfolio, your trust options aren’t one-size-fits-all. You can set up a joint trust, opt for two separate ones, or even mix it up based on:

  • Asset protection priorities
  • Streamlined administration goals
  • Planning flexibility after the first spouse departs
  • How you view shared financial assets

Get informed, consult with a seasoned estate planner, and ensure your strategy aligns with your goals.


Myth #2: “All Assets Must Go to the Surviving Spouse”

Diversification is key–in stocks and in life. Families have varied structures, and sometimes, you may want to financially support other loved ones aside from your spouse. While joint accounts typically revert to the spouse, each state has legal provisions determining a spouse’s minimum inheritance [and Florida does have statutory minimums for a spouse’s inheritance]. Before making any moves, partner with an expert to strike the right balance in your financial playbook.

Remember, it’s not a one-size-fits-all scenario. Consult with an experienced estate planning attorney to align your desires with the right estate planning tool. Stay tuned for more myth-busting wisdom!

Check out Part 2-“Getting Ahead: Key Queries on Joint Pour-Over Trusts”