Asset Protection
Florida Asset Protection Lawyer
Florida Asset Protection is a process to protect your families income and assets from judgments and garnishments. When a creditor or person tries to enforce a judgment there are certain assets and types of income that are protected by Florida Law and the Florida Constitution. It is best to protect your assets and income before an issue arises but there are certain things that can be done to protect your assets from issues that have already arisen. Asset protection in Florida is something that is often done for high risk individuals as well as those who are creating Florida estate plans.
Florida asset protection is a process that is used to insulate your assets from creditors and lawsuits. Often, an emotionally charged jury can levy large verdicts that are far in excess of insurance limits. When this happens you can be responsible for the excess judgment and can loose the assets you have built over your lifetime.
An asset protection plan can create a barrier around your family’s wealth and protect if from lawsuits by creditor. The more effective plans use multiple lawyers and multiple techniques to insulate assets. That way if a creditor is able to reach one asset there are additional protections around the other assets.
If you think Asset Protection may be appropriate or you feel that there is a potential risk you would like to limit, CONTACT our Florida Asset Protection Lawyers by email or call us at 904-685-1200 to discuss your situation today.
Florida Estate Planning Lawyer Blog - Asset Protection
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