Exemptions

ITF Bank Accounts

What Is an ITF Bank Account? An ITF bank account is an account at a financial institution that is held by one person in trust for someone else. A properly designed Florida ITF account or gift-giving plan can help minimize estate and income taxes, and it can also remove property…

Hurricane Savings Accounts

Florida’s most important statutory exemptions, such as salary for head of household, annuities, and retirement funds, have been in place for a long time. From time to time the legislature adds additional, relatively small, categories of protected assets. A recent addition to Florida’s list of assets protected from creditors are…