Florida Car Trust Is Not Effective Asset Protection
One of our clients asked us whether he could protect his investment in a newly purchased luxury car by taking title to the car in a “car trust.” The client had found an online article…
One of our clients asked us whether he could protect his investment in a newly purchased luxury car by taking title to the car in a “car trust.” The client had found an online article…
Existing Laws on Florida Homestead Protection and Fraudulent Conveyance It is well-settled Florida law that the purchase or improvement of a Florida homestead cannot be set aside as a fraudulent conveyance. The Florida Supreme Court…
Florida has enacted a statute specifically dealing with single member limited liability companies. The statute authorizes single member LLCs. The statute includes creditor remedies to collect a judgment from a debtor’s membership interest in the…
A judgment lasts 20 years in Florida. Judgments can be renewed after 20 years, although this is difficult and rarely done. After 20 years has expired, the judgment can no longer be enforced. The length…
Florida is a “separate liability state” and a “separate property state.” Separate liability means that each spouse may contract individually with a creditor and incur separate debts, or both spouses may jointly execute a debt…
A joint bank account can be garnished for a judgment even if the judgment is only against one of the owners. In Florida, bank account garnishments apply to all of your accounts, whether you own…
Many of my clients express the desire to ensure a smooth transition to their heirs for their home without the complications of probate court. Let’s walk through the steps to put your house in a…
Florida’s homestead exemption has been interpreted to provide protection not only for the physical homestead property, but also for both the cash and non-cash proceeds from a voluntary sale of the homestead as well. A…
For many years the Cayman Islands and Cook Islands were the “go-to” jurisdictions for creation of an offshore trust for clients needing to protect assets outside of the United States. However, recently the Cayman Islands…
Here are gay marriage facts and statistics. This post is updated for 2024. I gather facts and statistics from around the internet so you don’t have to. I keep this post up to date. Legal…