Phone: 561-338-7594
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Asset Protection AttorneyBoca Raton Business Succession Planning AttorneyBoca Raton Estate Planning AttorneyCharitable Trust RulesDefamation Lawyer Near MeElder Law Boca RatonLiving Will LawyerPower of Attorney Boca RatonPrivacy Lawyers Boca RatonProbate Attorney Boca RatonReputation Management LawyersRevocable Trust Vs. Irrevocable TrustSexual Harassment in the WorkplaceSexual Harassment LawyersSlander LawyersSocial Security Appeal AttorneySpecial Needs TrustWhat does it take for you to lose what you've worked so hard to build? Creditors? A sympathetic jury? A lawsuit opportunist? Your spouse's divorce attorney? A malpractice claim? Foreclosure deficiency? A greedy child or relative? An asset protection attorney can share with you all the probabilities and outcomes that could place you at risk of losing everything. Most importantly, a good asset protection attorney can advise you on the best defense plan to protect yourself and your family — and help you shelter your assets before finding yourself in an unprepared position.
The truth is, we live in a lawsuit-excessive world where protecting our money has become as important as making it. There are simple things you might be doing right now that could lead to a lawsuit filed against you. There are also actions you can take right now to protect your family, your business, your personal assets, your children's inheritance, your practice, and even your clients and business partners.
Many assets in Florida are exempt by Florida statutes, including individual retirement accounts, pensions, head of household wages, disability benefits, annuities, life insurance cash value, profit sharing plans, and even homestead (primary residence) with a limit to the lot size. However, many assets are not exempt in a lawsuit — including secondary real estate, personal bank accounts, stocks, certificates of deposit, bonds, and other accumulated wealth.
An attorney will analyze your situation and assets, discuss the best course of action, and recommend any organizational planning. An asset protection attorney will draft a plan that not only shields your assets, but also considers implications from the plan such as income tax, gift tax, and estate tax consequences.
Consider early planning for asset protection the same way you would review the safety instruction card when boarding an airplane. Your flight attendant shows you the exits, what actions to take, how to adjust your oxygen mask, and how to prepare for an emergency landing. This knowledge places you in a proactive position in case of an emergency. If you wait until you are actually sued or your assets are at risk, it will be too late — courts will often reverse actions taken to protect assets once they are at risk and deem such transfers to be fraudulent conveyances. Early planning is always the best defense.
Contact the Berman Law Group today to speak with an experienced asset protection attorney in Boca Raton. Related practice areas include Trust Planning and Probate.
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Boca Raton Office: 3351 NW Boca Raton Blvd, Boca Raton, FL 33431. Phone: (561) 338-7594 • Fax: (561) 826-5201 Stuart Office: 789 South Federal Highway, Stuart, FL 34994. Phone: (772) 283-9200 • Fax: (772) 283-9229 Orlando Office: 37 North Orange Ave, Orlando, FL 32801. Phone: (407) 926-6610 Gainesville Office: 805 Northwest 13th Street, Gainesville, FL 32601. Phone: (352) 514-3791 • Fax: (561) 826-5201← Back to Boca Raton Law Firms • BocaRaton.com Home
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