What Is the Homestead Exemption in Florida? The homestead exemption allows a Florida resident to reduce property taxes owed on their primary residence. The exemption decreases the property’s taxable value by up to $50,000 for…
Bank accounts owned by a married couple are protected from the creditors of either spouse if the account is owned as tenants by the entireties. When a married couple opens a new bank account, they…
What Is a Spousal Limited Access Trust? A spousal limited access trust, or SLAT, is an estate planning device that provides asset protection for married couples. This type of trust has advantages over the more common asset protection tool…
What Is a Swiss Bank Account? A Swiss bank account allows a person to keep cash deposits offshore in a country highly regarded for security and privacy. Swiss bank accounts have long been associated with…
A non-compete agreement is a legal contract or provision that prohibits an employee from competing with the employer after their employment ends. The most common non-compete agreement restricts the employee’s ability to work in a…
A Health Care Proxy, also known as a “Health Care Power of Attorney,” is a legal document that allows an individual to appoint a person to make health care decisions on their behalf in the…
A Cook Islands trust is an international trust established in the Cook Islands to protect assets from domestic creditors. The Cook Islands is widely considered to be the best country to set up an offshore trust….
A small estate affidavit in Florida is a step in a summary administration, which allows for the distribution of a deceased person’s assets without the need for probate court. This process is typically used when…
In Florida, all drivers are required to carry auto insurance. The insurance must include personal injury protection (PIP) coverage and property damage liability (PDL) coverage. PIP coverage covers bodily injuries and medical bills, while PDL…
An asset protection trust is a self-settled trust designed to protect assets from judgment creditors. In Florida, an asset protection trust does not work if it is a self-settled trust. A judgment creditor can levy upon a…
