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Traps and Pitfalls of Do-It-Yourself Asset Protection

Traps and Pitfalls of Do-It-Yourself Asset Protection

A client recently said, “My property is protected; my wife and I own everything as joint tenants with right of survivorship”. WRONG!

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Asset Protection In Real Life

Asset Protection In Real Life

Florida has received a lot of bad press in recent years as a result of notorious types like Bowie Kuhn moving here from up north at the “eleventh hour” to establish an exempt Florida homestead. Our legislature has had enough, and is now considering a proposed constitutional amendment which could force a homeowner with more than $350,000 of equity to sell the home to pay creditors.

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Selecting an Offshore Jurisdiction for the APT

Selecting the jurisdiction in which the Asset Protection Trust (“APT”) will be located is a very important step. Consideration must be given to a number of factors at that location.

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Commonly Asked Questions About Asset Protection – Part Two

Commonly Asked Questions About Asset Protection – Part Two

This is the second of two issues devoted to commonly asked questions about asset protection. Among the questions addressed last month were those relating to the significant protection afforded through the use of the family limited partnership.

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Commonly Asked Questions About Asset Protection

Commonly Asked Questions About Asset Protection

During the course of numerous asset protection consultations, we have found that some questions seem to be asked repeatedly. We thought it would prove useful to recount them here, with our responses, for everyone’s benefit.

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