Florida Asset Protection Attorney

In Florida, Asset Protection is a process where one can protect the family’s income and assets from judgments or a garnishment. Asset protection lawyers design proactive legal action that protects your assets from future creditors, divorce, lawsuits or judgments. This involves a series legal and lawful techniques that can deter a lawsuit by designing asset protection plans to help shield assets from the claims of creditors without violating the rules regarding fraudulent transfer or conveyance. We provide strategies for asset protection by using estate planning, asset protection trusts, and business formation for creditor protection. It can also provide you with settlement negotiation power. Most importantly, it can help prevent the seizure of your assets in the event of a judgment.

To maximize its effectiveness, planning should take place before the need arises. However, there are options that provide asset protection after a lawsuit is filed. As such, asset protection is a grand form of financial insurance. Ideally, it should be implemented well in advance of the need for it in order to avoid a fraudulent conveyance ruling. (Keep in mind this is merely a civil matter, not a criminal one.) Nevertheless, plans are much more effective for debtors who have the foresight to set them up in before a lawsuit strikes. So get complete information to understand your needs, but once you do, take action.

Asset Protection Strategies in Florida

The options/strategies that are available for asset protection in Florida are:

1. Homestead or personal residence protection
2. Annuities and life insurance
3. Qualified accounts (IRAs, 401ks, and 403bs) and wage accounts
4. Domestic business entities (LLCs, corporations and limited partnerships)
5. Marital agreements (pre-nuptial and post-nuptial)
6. Domestic trusts (revocable (living), DAPTs, land trusts, other irrevocable trusts)
7. Offshore trusts and offshore business entities