How to Protect Your Assets"
For Florida Residents
Learn how to protect the assets
that you have worked for over your lifetime.
Do not let a frivolous lawsuit destroy your
retirement and golden years. Learn
how asset protection strategies can keep your assets away from
unscrupulous and frivolous lawsuits and claims.
We will show you easy and step-by-step methods to
keep your assets safe.
Lawsuits are a fact of life!
It has become a reality of life that in your
lifetime you will probably be sued.
Hopefully, you will be one of the few lucky ones who
will not have a “major lawsuit” against them. The lucky ones will have
either insurance to cover the lawsuit or the lawsuit is so frivolous
that you can settle for pennies on the dollar.
These are
not Scare Tactics:
I will not sit there and try to
scare you with horror stories. You
would not be reading this web page if you did not have a well founded
fear of someone taking your hard earned assets.
In America it happens every day.
What is worse is that you must protect yourself not
only from frivolous lawsuits but also from the I.R.S., ex-wives, and a
host of government agencies that can fine you and take your assets.
Asset
Protection has become a Necessity:
Walk into any
lawyer’s office in America and they will tell you that asset
protection is no longer a luxury to be afforded to the very rich. It has become a necessity
for upper middle class and even middle class Americans.
With law schools pumping out lawyers in record
numbers you cannot leave it to “the wheel of
chance” that you will not get sued.
What is Asset
Protection?
Simply put they are strategies
and legal structures designed to put your assets out of the reach of
creditors, business partners, the I.R.S. and sometimes even ex-wives or
ex-husbands.
What type of
Asset Protection devises are there?
This page is devoted to Florida
Asset Protection strategies and will explain the different devises that
you can use as a Florida resident.
I have had many clients move to Florida just to
avail themselves of the liberal asset protection laws designed to keep
people out of the poor house. Now
is it smart to move to Florida just to protect your assets. That is a question that
only you can answer. So
for Florida residents here are the top asset protection
devises:
-
The Florida Homestead
-
Florida Irrevocable Trusts
-
The Family Limited Partnership
-
The Limited Liability Company
-
Joint Tenancy Property
-
Annuities
-
I.R.A.’s
-
Life Insurance
-
401 (K) and Federal Sponsored Retirement Plans
-
Offshore Corporations and Trusts
-
Florida Corporations (In limited situations)
How Do I
start protecting my assets
and how much does it cost?
There are also many other asset
protection devises and strategies that a qualified attorney can help
you with. Not every
one of the above asset protection devises will protect you in every
occasion. To start an
asset protection plan you should sit down and speak with
an attorney who is qualified in asset protection, collection law and
bankruptcy law. Normally
only an attorney who has seen how creditors will attack your assets can
give you the knowledge needed to protect your assets.
Now that said, it can sometimes be very difficult to find an attorney
who is competent in asset protection strategies and
techniques. In all honestly there are few attorney throughout
the country who concentrate solely on asset
protection.
Many people also ask "how much does asset protection cost?"
While there is no hard figure a normal asset protection plan will run
between $1,200 to $5,000 dollars. Of course the greater your
assets and legal problems the larger will be the fee an attorney will
charge you.
Good luck, keep your assets safe and your
money….yours.
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This article was written by
A.J. Comparetto, Esq. He has been practicing asset
protection, bankruptcy and collection law for over 15 years.
If you would like to contact Mr. Comparetto you can call him at
727-328-7900 or email him at ajc@comparettolawfirm.com.
If you would like to review Mr.Comparetto's resume you may access it by
clicking
here
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