Category Archives: Asset Protection
What Assets are Protected From Creditors in Florida?
An asset is anything that you own that has value. Your personal assets include everything from the money in your savings account to your home. One of the most important aspects of effective estate planning is protecting your assets from claims made by creditors. It is no secret: Creditors can be aggressive. To account… Read More »
How Does Florida’s Homestead Exemption Impact Estate Planning
In Florida, individuals and families may be entitled to a ‘homestead exemption’ that will reduce the total cost of their property taxes and protect them from certain creditor claims. As explained by the Florida Department of Revenue, a portion of the value of your primary residence is automatically exempt from state property taxes. While… Read More »
Florida Estate Planning: Will My Children Inherit My Debt?
Finances are one of the primary worries of the majority of families in Florida. Indeed, debt is one of the leading causes of stress among adults in the United States. As a parent who is thinking about estate planning in Florida, you may be wondering: Will my child inherit my debt when I pass… Read More »
Asset Protection in Florida: What is Long-Term Care Planning?
In their later years, many people require some form of assisted living care. The cost of obtaining assisted living services in Florida is extremely high: The United States Department of Health and Human Services (HHS) reports that the average cost of a private room in a nursing home is $7,698. For obvious reasons, few… Read More »
