Retirement Accounts and Asset Protection
No matter how careful, diligent, or professionally successful you are, owning a business always involves some degree of risk. A lawsuit, accident, or poor investment can easily lead to financial disaster despite your hard work and meticulous planning. Therefore, you should always take steps to protect your personal assets, including retirement accounts, from the reach […]
What Are Super Creditors? Can I Protect My Assets from These Creditors?
Florida law provides generous asset protection from many creditors. However, some types of creditors – so-called “super creditors” are not always subject to the same asset protection laws and rules as other creditors. Therefore, as you go through the asset protection planning process, you should understand the challenges and limitations that these super creditors pose. […]
2 Reasons You May Need Asset Protection Planning
Lawsuits, failed businesses, malpractice, guarantees, leases and other debts can lead to a loss of assets and wealth.. Fortunately, engaging in effective asset protection planning can help you minimize the risks of losing your assets to creditors. By preserving your assets, you can enjoy the wealth you have worked to accrue and have a financial […]
Am I Really Judgment Proof?
A common way for a creditor to collect a debt is to sue the debtor and obtain a judgment against him or her. But what if the debtor is judgment proof? A judgment is a court order stating that the debtor is liable to the creditor for a specific amount of money. The creditor then […]
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 […]