Asset Protection Attorney Answers FAQ's About Asset Protection Planning in Florida
Let our 30+ Years of Experience Help You Achieve Peace of Mind
Asset protection attorney, C. Randolph Coleman, in Jacksonville, Florida, provides answers to Frequently Asked Questions about asset protection planning in Florida. As an asset protection attorney with more than 30 years experience dealing with asset protection matters in the Florida courts, the answers to these frequently asked questions will provide significant insight in the asset protection planning process, things to avoid when engaging in asset protection planning, what works, what sometimes works, and what never works. The information provided in these discussions reveal why working with an asset protection attorney is of critical importance if you want to accomplish asset protection that works. You also will learn why it is better to engage in asset protection planning before you actually need the asset protection, rather than after an event occurs that invokes the need for such planning.
The answers that are provided for these asset protection FAQs will help you understand the benefits of planning with assets that are exempt from creditors’ claims (Chapter 222, Florida Statutes); how to avoid fraudulent transfers or fraudulent conveyances (Chapter 726, Florida Statutes), that can effectively undo otherwise effective asset protection planning; how to use the charging order protection that is provided by the Florida Revised Uniform Limited Liability Company Act (Chapter 605, Florida Statutes); and why the guidance of an asset protection attorney can be so important for such planning efforts.
If there are questions you have about asset protection planning that are not addressed in these materials, please contact us with your questions and we will attempt to provide answers for you in a timely manner.
A SECURE FUTURE: SPECIAL NEEDS PLANNING
At The Coleman Law Firm, we take great pride in our service to clients with special needs family members. To deepen our knowledge and steep our expertise, I recently attended a Special Needs Planning Immersion Camp in Scottsdale, Arizona. Surrounded by dozens of the...
An Experienced Elder Law Attorney Won’t Make This Mistake
As a law firm with our focus on elder law matters, estate planning, probate and trust administration, and related areas of the law, our lawyers participate in many forums to keep up to date with current developments in those areas of the law. One of those forums is a...
Estate Planning Needed For Any Estate
A couple of days ago I received an email from a realtor who I recently met who had a question about estate planning. Her question was: What level of assets do your clients need to own before your services benefit them? After I responded to her question, she told me...
How to Make Sure Your Revocable Living Trust Avoids Probate
Earlier this week we began working with some new clients whose father recently passed away. The father (whose wife passed last year) had established a revocable living trust several years ago. The clients, the father's sons, did not understand why it was necessary...
James Gandolfini’s Six Estate Planning Mistakes
There has been a lot of discussion about James Gandolfini's will and his estate planning - or perhaps lack of estate planning might be more accurate. A Forbes article a couple of days ago outlines the biggest shortcomings of Gandolfini's estate planning. While we...
Income Tax Planning – Now More Concern Than The Estate Tax
The American Taxpayer Relief Act of 2012 (which became law on January 2, 2013) made permanent the temporary estate/gift/generation-skipping transfer tax exemptions established in December 2010, increased the rate on non-exempt estates/gifts/generation-skipping...
Why Estate Planning Is Still Important
Did you know that April is National Financial Literacy Month? This is the perfect time to sit down with your loved ones to discuss your financial and estate planning objectives. To help you move the discussion forward, we would like to suggest three action...
Using Trusts to Protect Inherited IRAs
Many people have large IRAs and retirement plan accounts and need special estate planning for these assets. A 2009 study by the Investment Company Institute found that retirement plans account for 34% of all household financial assets, up from 14% in 1978; IRAs alone...
Helping You Avoid A Tangled Web Left By Loved Ones
For the last two months, we have been singularly focused on helping people get their end of the year planning in place and moving our office to a new location. The year end for 2012 was more busy than usual because of all of the uncertainty surrounding the tax...
Tis the Season . . . to Gift (or Not)
We have discussed the 2012 tax-saving opportunity quite a bit here lately. You can read previous posts here and here. This article continues our conversation by providing our clients and readers a number of factors to consider when deciding whether to gift or not to...
Taxpayers, are you ready for Obamacare?
If you are like me, you remember exactly where you were the moment you found out that Obamacare had been upheld by the Supreme Court. No matter your party or political persuasion, and regardless of whether you...
What is your risk of being sued?
We've talked quite a bit about asset protection lately: Why Floridians Need Asset Protection Planning; September's Crazy Lawsuits; Asset Protection for Physicians - Discussion and Dinner. It seems that no matter how much asset protection may be emphasized,...