A Florida bankruptcy judge has ruled that the subsequent actions of a couple might change the nature of the bank account that they established and thereby destroy the protected quality of that account.  It is no longer just a matter of the signature card. 

For more information on this new ruling about joint bank accounts between husband and wife, click here.

This points out the need to not only title your assets correctly for estate planning and asset protection purposes, but to understand the theory behind the protections you seek so that you can maintain the tax planning or asset protections that you are looking for.

For a consult, or to update an older will or trust, call 610-933-8069 and for a free initial consultation for Pennsylvania residents mention this code:  EstatePlanners2010

David Frees is an attorney practicing with the law firm of Unruh, Turner, Burke and Frees
The firm maintains offices in Malvern, Phoenixville, and West Chester Pennsylvania.

David Frees has attained the highest AVVO rating of 10 and has been selected as one of the Main Line's "Top Lawyers" by Main Line Today Magazine.
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