While many states have domestic asset protection trusts, Florida does not.  Many feel that the Domestic Asset Protection Trusts are unproven and can cause problems.  The Jacksonville Asset Protection Lawyers at the Apple Law Firm, have developed a trust that provides asset protection for Florida. 

This Florida Asset Protection Trust has many unique features that are not found in other types of Asset Protection and is affordable.  Our Asset Protection Trust is designed for primarily for those with less than 10 Million in assets and has several great benefits including no increased tax consequences and even allows for stepped up basis in the value of the assets upon your death.

The Florida Asset Protection Trust is an irrevocable trust which still allow for much of the same flexibility as a traditional revocable trust.  In many cases, this trust is so affordable, that our clients are using them instead of a traditional revocable trust to avoid probate and protect the assets from their creditors and the creditors of their beneficiaries.  When structured properly, the assets can also become exempt from the claims of Medicaid (allowing one to qualify for government assisted nursing home coverage) and these trusts may even be able to avoid the 10 year look back period imposed on many self settled irrevocable trusts which were imposed by the 2005 bankruptcy reforms.

Some great uses for the Florida Asset Protection Trust include owning real estate, stocks, coin collections, firearms, vacation property, and vacation property.

To find out more about how a Florida Asset Protection Trust or  a series of Florida Asset Protection Trusts can protect you from future creditors, avoid probate, and increase privacy Contact a Florida Asset Protection Lawyer or call us at (904)- 685-1200