Florida Asset Protection typically deals with protecting assets from Inside creditors and Outside creditors. Outside creditors are those creditors whose claims arise the business entity and are then assert4ed against the business, real estate, or asset. It is possible to protect against Outside debts or creditors by using a business…
Florida Asset Protection typically deals with protecting assets from Inside creditors and Outside creditors. An inside creditor is a creditor whose claim is directed against the business or real estate that is owned and operated within a business entity. It is possible to protect against inside debts or creditors by…
Florida business owners are one of the groups of individuals who need Florida Asset Protection. There are two types of risks that business owners are at risk of loss. First is the risk that comes from within the business. The second type of risk comes from their personal life and…
If you own a car, then you know it requires regular servicing in order to perform well and be reliable. More than likely, your car came with a recommended schedule for service, based on how many miles it has been driven. After a certain number of miles, you need to…
Attorney Kevin W Davidson of the Green Bay Wills, Trusts & Estate Planning Blog wrote an article on the pitfalls of Do it yourself asset protection where he talks about some of the problems with trying to protect your own assets. Over the last 6 months the number of inquiries…
A few months ago the IRS announced a voluntary disclosure program for undeclared foreign accounts. This six months program closes on September 23, 2009. For qualifying taxpayers who come forward and report their undisclosed foreign bank accounts and pay back taxes for six years plus interest and some penalty, the…
Florida Asset Protection Attorneys can help structure the ownership of assets to protect from liabilities and creditors. Often individuals own a bulk of their assets individually or in a Florida Revocable Trust, or in a corporation. The assets and businesses held in these entities can be subject to the claims…
Today it was announced that deposits at FDIC-insured institutions are now insured up to at least $250,000 per depositor through December 31, 2013. On January 1, 2014, the standard insurance amount will return to $100,000 per depositor for all account categories except for IRAs and certain other retirement accounts which…
Jay Shepherd who writes the Gruntled Employees Blog has a good article on the “Eight Ways to Lose a Noncompete Case.” Here is his list of the 8 most common ways companies to lose a noncompete case: 1. Putting too much faith in the belief that the court will enforce…
Do you remember when your child turned 15 and you or your spouse brought them to get their first Florida drivers license. Did you read the fine print? You may not have realized that you agreed to financial liability if the damage is due to negligence or willful misconduct of…
