{"id":10475,"date":"2016-08-29T15:03:04","date_gmt":"2016-08-29T15:03:04","guid":{"rendered":"http:\/\/www.tampabaylawgroup.com\/?p=10475"},"modified":"2016-08-29T15:03:04","modified_gmt":"2016-08-29T15:03:04","slug":"estate-planning-assett-protection","status":"publish","type":"post","link":"https:\/\/themediabeast.com\/resources\/estate-planning-assett-protection\/","title":{"rendered":"Estate Planning &#124; Asset Protection"},"content":{"rendered":"<h2><b>Estate Planning | Asset Protection<\/b><\/h2>\n<p>&nbsp;<\/p>\n<p><a href=\"http:\/\/www.tampabaylawgroup.com\/estate-planning\/\">Estate Planning |<\/a>\u00a0<span style=\"font-weight: 400;\">After working a lifetime to aquire a home, personal property, money and other assets, don\u2019t let them be taken away by creditors. Florida has many avenues for protecting assets that can be discussed with an attorney in the process of estate planning. It is best to be proactive and have these tools in place before a problem with a creditor comes up.<\/span><\/p>\n<p><a href=\"http:\/\/www.tampabaylawgroup.com\/estate-planning\/\">\u00a0<\/a><\/p>\n<p><span style=\"font-weight: 400;\">One of the easiest ways to protect assets is to have insurance coverage. Depending on the situation, it might be necessary to carry various types of insurance such as automobile, homeowners, business, life, etc., to be sure there is adequate coverage in case of an accident or injury. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Floridians should be sure to take advantage of Florida\u2019s homestead exemption on real property. This exemption has requirements that must be met and the exemption must be applied for, but it keeps the residence free from the claims of most creditors. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Real property owned by married couples that is titled as \u201ctenants by entirety\u201d is not able to be divided into shares. Both parties own the whole and therefore, the property cannot be used to satisfy a creditor\u2019s claim of one of the parties. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Annuities, IRAs, certain retirement plans, prepaid college savings plans, and medical savings accounts are also exempt from creditors which makes them a great place for keeping cash assets.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Disability and social security income are generally out of reach of creditors, except in a few instances. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">A trust can be created to make sure that a spouse or a dependent is provided for. The items in the trust can be used for the benefit of the person without fear of creditors. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Florida offers a variety of options for protecting hard earned assets. With the assistance of an attorney and proper estate planning, these options can be maximized.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Don\u2019t wait! We can assist you with all of your estate planning legal needs. Call to schedule an appointment with one of the top estate planning attorneys Tampa has to offer! <a href=\"http:\/\/www.tampabaylawgroup.com\/estate-planning\/\">Tampa office<\/a> at 813-367-1500 or\u00a0send us your questions online.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Estate Planning | Asset Protection &nbsp; Estate Planning |\u00a0After working a lifetime to aquire a home, personal property, money and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10476,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","footnotes":""},"categories":[858],"tags":[859],"class_list":["post-10475","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-estate-planning","tag-estate-planning"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.8 (Yoast SEO v27.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Estate Planning | Asset Protection | Tampa, Florida<\/title>\n<meta name=\"description\" content=\"Call to schedule an appointment with one of the top estate planning attorneys Tampa has to offer!\u00a0Tampa office\u00a0at 813-367-1500\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/themediabeast.com\/resources\/estate-planning-assett-protection\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Estate Planning &#124; 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