Asset protection is a set of strategies and legal tools used for protecting your stuff from lawsuits and claims of creditors.
It sounds simple and yet the idea of protecting your stuff may mean very different things to different people. Florida law is receptive to protecting your assets, as long as it’s done appropriately.
A properly established plan performs three primary functions: lawsuit deterrence, settlement negotiation leverage and/or placing your assets out of the reach of a legal opponent. Ideally, engage asset protection planning prior to a lawsuit or cause of action. However, if have not done so, you can implement it at nearly any time. Every situation is different, so we encourage you to call us and discuss your situation.