The Villages Asset Protection Attorney
If you are a Florida resident and own any type of property such as cash, a business, investments, or other assets, it is important to take certain steps to protect it. Society today is a very litigious one and if someone takes legal action against you, such as filing a lawsuit, your property may be vulnerable and a judgment against you could take many of your assets. This means that you will not be able to use them during your lifetime, and you will have less to leave to your loved ones after you pass away. Our The Villages asset protection attorney can protect your property and your family, contact our firm today.
Asset Protection Strategies in Florida
There are many asset protection laws in Florida that can help protect your property. The homestead exemption law is one of these. This law is fairly well-known, largely because Florida has one of the most generous homestead exemption laws in the entire country. Under this law, you are protected from losing your home in the event that you are sued. The law protects the total value of the homestead property as long as it is your primary residence.
Additionally, any property you jointly own with your spouse is also protected. For example, you and your spouse may co-own a rental property together. If you owe debt that is only in your name and a creditor files a lawsuit against you to recover it, they cannot seize the rental property or force you to sell it because you co-own it with your spouse.
Another popular asset protection strategy in The Villages, and throughout Florida, is to establish a limited partnership or limited liability company. These are separate legal entities from their owners and so, they are not vulnerable when creditors file a lawsuit against the owner.
It is Important to Implement Asset Protection Strategies Today
While there are many asset protection strategies available, it is critical that you prepare important documents before any issues arise. If someone has already filed a lawsuit against you or a court case has been filed, it is too late to implement asset protection strategies. For example, if a creditor sues you the court may freeze your assets to prevent them from being wasted. This will make it impossible to transfer them so they are protected.
An asset protection lawyer in The Village can help you take the necessary steps before any problems arise. It is a sad fact that many people bring frivolous lawsuits and it is critical that you protect your property and business interests ahead of time.
Our Asset Protection Lawyer in The Villages Can Advise On Your Case
William Rambaum, P.A. is a The Villages asset protection lawyer who has helped many people safeguard their property from creditors and others. We can put that experience to work for you, too. Call us today at 727-781-5357 or contact us online to schedule a consultation with our experienced attorney and to learn more about how we can help with your case.
