Using an LLC for Asset Protection Under Florida Law
Setting up a limited liability company or LLC is one way to shelter assets from creditors so you can keep the wealth you have earned.You can rely on a Florida asset protection lawyer at Kramer Green to work diligently to protect your business and all its assets from creditors to the greatest extent possible. Defining […]
5 Ways to Establish Residency in the State of Florida
Florida offers some of the strongest asset protection laws in the nation and no state income or inheritance taxes. As a result, some people may seek to establish residency in the state of Florida to protect their assets from the reach of business or personal creditors. Establishing a domicile or residency in Florida is essential […]
Section 529 Plans and Asset Protection
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 various mechanisms to shelter assets from creditors so you can keep the wealth you have earned. One such mechanism is the Section 529 account. Understanding Section […]
What You Need to Know About the Florida Community Property Trust Law
A community property trust is a method by which some married couples can hold assets and enjoy tax advantages. In particular, a community property trust can benefit a surviving spouse from a tax perspective when the other spouse passes away. An estate planning attorney at Kramer, Green, Zuckerman, Greene & Buchsbaum, P.A. can provide you […]
Three Necessary Elements of Drafting Spousal Lifetime Access Trusts to Take Advantage of New Creditor Protections
Florida has become the 11th state to offer its residents asset protections in spousal lifetime access trusts (SLATs) under a new law that applies to trusts established after June 30, 2022. As long as a trust meets all the eligibility requirements set out in the Florida SLAT law, creditors of the grantor spouse won’t be […]
Three Types of Bank Accounts That Have Protections from Creditors
Most people keep significant sums of money in checking, savings, or money market bank accounts at various financial institutions. However, if you owe a debt, one of the first places that a creditor will look is at your bank accounts. A creditor with a judgment against you for a debt can take steps to garnish […]
Owning Property as Tenants by the Entireties
Protecting your personal assets from the claims of creditors is always an important goal, and the state of Florida has some of the country’s most generous asset protection laws. Often, a business misstep or an unexpected lawsuit can result in an unwanted financial crisis. You can protect the assets you have accumulated over the years […]
Can a Creditor Garnish My Stocks or Brokerage Account?
Whether you have been sued in a lawsuit or had a failed business venture, you may be worried about creditors trying to reach your personal assets. We know you have worked diligently to accumulate assets for you and your family, and we want to help you protect them. The asset protection attorneys of Kramer, Green, […]
Florida Homestead Law: Protecting Your Home from Creditors
Owning even the most successful business always involves some degree of risk. Despite your hard work and careful planning, a single lawsuit, accident, or bad investment can result in financial disaster. Therefore, you should always take steps to protect your personal assets from the reach of creditors to the greatest extent possible. Fortunately, the Florida […]
Asset Protection: Annuities, Life Insurance, and IRAs
[vc_row][vc_column width=”1/1″][vc_column_text]Florida law offers multiple ways that individuals can shelter their assets from collection efforts by creditors. Specific classes and amounts of property are exempt under state law, which allows you to protect significant assets that fall within these classifications. Some of the vehicles that you can use for asset protection include annuities, life insurance […]