Protecting Rental Properties from Creditors
Under Florida law, your homestead property, or primary residence in Florida, subject to some limitations, is exempt from creditors trying to collect debts from you. However, other real estate you own, such as rental properties, are not similarly exempt. Likewise, your rights to income from those properties, such as the right to receive rental income, […]
4 Effective Ways to Protect Your Assets from Civil Lawsuits
Successful civil lawsuits against you, whether from malpractice, bad debts, or failed businesses, can result in large judgments against you. Creditors attempting to collect on those judgments are likely to look to any assets you own to satisfy those judgments. By engaging in careful asset protection planning, we can help you avoid the loss of […]
What is the Difference Between Payable-on-Death and Transfer-on-Death Account Designations?
Your goal should be to create a comprehensive estate plan individually tailored to meet your family’s unique needs and objectives. As a result, you must understand what alternatives exist to meet your goals and how they might work in your favor, including the use of payable-on-death and transfer-on-death accounts. An estate planning lawyer at Kramer, […]
What Are Fraudulent Transfers? How Do You Avoid Them and Still Protect Your Assets?
When you have worked hard to accumulate assets for you and your family, you must take proactive steps to protect those assets from unexpected creditors, while still avoiding fraudulent transfers. Unfortunately, an unanticipated civil lawsuit, a failed business, or a business dispute can lead to judgments in which creditors try to reach your assets for […]
4 Types of Common Assets Exempt from Creditors Under Florida Law
You can rely on a Florida asset protection lawyer at Kramer Green to work diligently to protect your assets from creditors to the greatest extent possible. Florida law provides exemptions for various assets from creditors so you can keep the wealth you have earned. Awareness of these exemptions can be critical as you take measures […]
4 Common Asset Protection Mistakes
While owning a business can be personally and financially rewarding, it also has its risks, including the potential for legal liability. Without careful asset protection planning, a lawsuit can cause disaster for your business and the personal assets you have worked so hard to accrue. Fortunately, options exist that allow you to shield important assets […]
3 Common Reasons that LLCs May Fail to Protect Assets
Under Florida law, a limited liability company (LLC) is a business entity that can protect an owner’s assets from the company’s liabilities. An LLC can also protect the owner’s interest in the company from personal judgments against the owner. However, an LLC has its limitations as a vehicle for asset protection. A Florida asset protection […]
Protecting Your Rental Property from Liability and Creditors
A rental property is one type of asset that individuals may acquire as part of their asset portfolio. While Florida law protects your homestead property, no matter its value, this protection does not extend to rental properties. Therefore, you need to take proactive steps to shelter your rental properties from the potential reach of creditors. […]
What Are Qualified Charitable Distributions (QCDs) and How Do They Work?
As an asset protection lawyer can advise you, qualified charitable distributions(QCDs) may be useful for making tax-free charitable donations under some circumstances. However, while there are advantages to using a QCD for some individuals, there are limitations to its usefulness. A Florida asset protection attorney from Kramer Green can help you determine whether a QCD […]
3 Major Strategies for Protecting Your Assets
No matter how successful you may be, owning a business always involves risk to your assets. Despite all your work and planning, a legal claim, poor investment, or another misstep can ruin your finances. As a result, taking steps to protect your personal assets from creditors is wise. The Florida asset protection lawyers at Kramer […]