Florida asset protection planning is the legal process where an individual (anticipated or current debtor) structures their assets (real & personal property, cash, businesses, and investments) to make it much more difficult for a current or future creditor to attack or collect against those assets. Everyone who has been fortunate enough to accumulate assets in today’s economy needs some form of asset protection.
In the State of Florida, the following assets can be protected against any creditor claim: Homestead Property; accounts and property titled as Tenants by the Entirety (“TBE”); Qualified Retirement Plans and IRAs; Annuities; Life Insurance; and Irrevocable Trusts.
If you are seeking asset protection you should avoid this pitfalls:
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Lakewood Ranch Legal Services
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