Quick Read: How to Protect Your Inheritance from Creditors and Lawsuits
Q1: What should your parents do now? A: Your parents should protect the money and other assets they leave you. They surely don’t want your inheritance to end up with someone who sues you! They should meet with their estate planning attorney to structure your inheritance properly, based on knowledge of your personal and professional […]
NEW CASE MAY ADVERSELY AFFECT ASSET PROTECTION PLANS
Asset protection attorneys are concerned about a new Florida case which increases the Statute of Limitation on certain asset protection-motivated transfers from 4 years to 20 years. Here is what happened in Biel Reo, LLC v. Barefoot Cottages Development Co., LLC, a 2014 case decided by the 1st District Court of Appeal. Real estate developers Curtis […]
OWNING A VESSEL INDIVIDUALLY- NOT SUCH A GOOD IDEA
Recently, one of our physician clients asked our advice as to proper ownership of a vessel that she was purchasing. We explained that there were two aspects to this. First, we need to be concerned about the possible loss of the equity in the vessel to a creditor, should she be sued for medical malpractice […]