Asset Protection Planning

By: Barry E. Haimo, Esq. June 9, 2016 What’s an Outside Creditor? We’ve talked in previous posts about who creditors are and how they can go after your assets. In “What’s an Inside Creditor?”, we discussed the basics of protecting your personal assets from creditors going after your...

  By: Barry E. Haimo, Esq. April 14, 2016   What’s an Inside Creditor? When you’ve worked hard for something, you will do anything to protect it. You don’t want your assets or your business vulnerable to creditors, but how do you protect them? Well, the first step is to check...

By: Barry E. Haimo, Esq. December 8, 2015 9 Ways to Protect Your Assets If you’re like most people, you’ve spent a lifetime building up your assets. You don’t want all of your hard work to go down the drain because you neglected to create a smart...

Why Should You Engage in Asset Protection Estate Planning? By: Barry E. Haimo, Esq. May 19, 2015 [BEGIN TRANSCRIPTION] HAIMO: Asset protection and estate planning overlap significantly. Most frequently, a well-insulated asset protection plan utilizes business entities and trusts. And the estate plan should incorporate the asset protection plan, so...

By: Barry E. Haimo, Esq. May 19, 2015 How to Protect an Inheritance from a Spouse [BEGIN TRANSCRIPTION] HAIMO: One of the benefits of creating a trust is that it protects the interests of the beneficiaries. The interests of the beneficiaries are protected from their creditors, and one of...

Homestead Protection: How Vulnerable is a Home to Lawsuits?   By: Barry E. Haimo, Esq. May 18, 2015 [VIDEO TRANSCRIPT] BARRY HAIMO: In Florida, the home is afforded the most protection of any asset that you can have. It is protected by the Florida constitution, and it has been protected and...

Does a Revocable Living Trust Protect My Property from Creditors?   By: Barry E. Haimo, Esq. May 18, 2015 [BEGIN TRANSCRIPTION] BARRY HAIMO: No, a revocable living trust does not protect you from creditors.  It will protect, upon your death, your beneficiaries’ interest in the trust from their creditors. [END] A revocable...

Are There Ways to Protect Your Assets Other Than Using a Trust?   By: Barry E. Haimo, Esq. May 18, 2015 [BEGIN TRANSCRIPT] HAIMO: Yes. There are many ways to protect your assets in Florida without using a trust. One way is to use business entities to insulate yourself from liability...