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 19 years. If you
would like to contact Mr. Comparetto you can call him at 727-328-7900 or
email him at mailto:ajc111@email.com. If you
would like to review Mr.Comparetto's resume you may access it by clicking
here
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