A well-developed asset protection plan will allow you to protect your assets from attack by creditors and guard your family’s wealth from creditor collection attempts. The most effective asset protection plan employs a multi-layered approach and utilizes several instruments to accomplish a greater degree of protection of client assets. In this manner, asset protection can be seen as a fundamental element of estate planning.
Florida is one of the most debtor-friendly states in the nation and has some of the most liberal asset protection laws in the nation. In order to benefit from the protections available under Florida asset protection law, you need to be either a Florida permanent resident or own real property in Florida. The lawyers at Kovar Law Group and available to assist you in the development of an effective asset protection plan.