LAKEWOOD RANCH ASSET PROTECTION PLANNING ATTORNEY LAWYER

LAKEWOOD RANCH ASSET PROTECTION PLANNING

ASSET PROTECTION PLANNING

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. 

BIG MISTAKES

 If you are seeking asset protection you should avoid this pitfalls: 

  1. Believing That It Is Too Late To Protect Assets
  2. Thinking Creditors are Stupid
  3. Hiding Assets 
  4. Fraudulent Transfers and Conveyances
  5. Falling For Asset Protection Promoters and Scams  
  6. Confusing Estate Planning With Asset Protection
  7. Giving Up Control Over Your Assets