Category Archives: Asset Protection

LLC’s and Asset Protection in Florida.

As I’ve noted elsewhere, limited liability entities, including Corporations, Limited Liability Partnerships and Limited Liability Corporations may not provide as much protection as people think.  While all of these entities theoretically provide individual protection from corporate acts for individuals owning … Continue reading

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The importance of updating your estate plan after a divorce.

Frequently, couples will name each other as beneficiaries of life insurance, annuities, bank accounts, CD’s, and retirement plans. Sometimes, though, when they get divorced the ex spouse forgets to remove the other ex spouse from the insurance, the bank account, … Continue reading

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Another reason to move your financial accounts to Florida

I’ve suggested in the past, if you move to Florida from out of state, you should move bank accounts, investment accounts, retirement accounts to a Florida institution, or at least to a Florida Branch of a national institution. By doing … Continue reading

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Avoiding Probate on the House

Frequently, clients think that a revocable living trust will avoid probate in Florida. As I discuss here: Why revocable living trusts usually won’t avoid probate in Florida A revocable living trust can actually trigger a probate in Florida; particularly if … Continue reading

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Things to know about Florida Homeowners Insurance

If you have moved to, or are moving to Florida and buying a home, there are certain things you need to consider about homeowners insurance. Florida’s insurance commissioner discusses many of these issues here: Homeowners Insurance Overview Including mold coverage, … Continue reading

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Personal injury in Florida

I get inquiries from time to time about ‘personal injury’ cases. Those are cases where someone has been hurt in some sort of accident; the most common is a motor vehicle accident, but it can cover slip and falls, product … Continue reading

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How Deep Can You Pile It? Pyramid Schemes

Last time we looked at the Ponzi Scheme, where a con man takes your money, and  pays it back to you over time, convincing  you, and others, that he has invested it. There is another very common sort of scam, … Continue reading

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Gone, Baby, Gone: The Money, That Is. A Primer on Ponzi Schemes.

Most Villages residents are of an age to remember a movie starring Paul Newman and Robert Redford, The Sting, involving a very complicated confidence job on a gangster.  If  you’ve seen it, you remember it; if you haven’t seen it, … Continue reading

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Nursing Homes, Medicaid and Homesteads in Florida

A very common question from potential clients has to do with nursing homes and homes.  Specifically, what happens if someone has to go into a nursing home; does the state ‘take’ the house? I understand that in many other states, … Continue reading

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Liability of a revocable trust for estate debts in Florida

There is some confusion out there regarding revocable trusts in Florida; for some reason some clients think that a revocable trust will not have to pay money owed by the person who died. This is incorrect.  Florida makes revocable trusts … Continue reading

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