MARC J. SOSS, ESQ.
(941) 928-0310 | mjs@sarasotalaw.biz
1 S. School Ave., 5th Floor, Sarasota, FL 34237
Many Florida residents have the misconception that in A Florida resident needs asset protection if you: (i) are facing a lawsuit; (ii) are in a profession with a high degree of liability (doctor, lawyer, financial advisor, landlord, real estate developer, real estate investor); (iii) are a debtor and/or a guarantor; (iv) have accumulated, or are about to receive, significant wealth (inheritance, investment or business success); (v) the value of your home has been reduced to less than the amount of your mortgage; (vi) are having trouble meeting your mortgage or other loan payments; or (vii) are concerned about the financial viability of your business.
ASSET PROTECTION PLANNING
order to engage in asset protection planning they must
have significant wealth. Our clients range from retirees
seeking to preserve their assets for their children and
grandchildren; entrepreneurs seeking to protect their
assets from the risks of their next business venture or a
lawsuit; individuals seeking to protect their assets from mounting medical bills; and mega-wealthy individuals. In today’s current economic times, Florida residents should be concerned about the protection and preservation of their assets and the threat of creditors taking their assets is real and frightening and transcends all levels of personal wealth.
Techniques that are commonly used are: (i) Tenants by the Entirity; (ii) Family Limited Partnerships; (iii) Life Insurance; and (iv) Florida Statutory Exemptions. Feel free to contact me directly to learn more about the options available to you.
