Longwood Florida Attorneys

Longwood Asset Protection Attorneys

Estate Planning Strategies to Protect Your Assets: (407) 439-2822

You've spent a lifetime working hard to acquire property, financial stability, and other assets. As such, it's important that you put legal protections in place to ensure you can pass on the maximum assets possible to your loved ones at your passing. Asset protection is a legal strategy that works to protect your assets from creditors, legal claims, and to minimize taxes. At Levy & Associates P.A., our Longwood asset protection lawyers helps clients create estate plans geared for their unique protection needs. We can work with you to determine what type of asset protection planning is right for you.

Give us a call today at (407) 439-2822 to make an appointment. We work with clients throughout Altamonte Springs, Winter Springs, and Central Florida.

Why Is Asset Protection Important?

Asset protection plans can be used in a number of different ways, including to protect current or future assets, as well as inheritances. As part of an asset protection plan, we may use trusts or estate and gift planning strategies. It is vital to work with a lawyer to put the proper protections in place to avoid having your hard-earned assets taken away by creditors or taxes after your death. Our goal is to provide our clients with comprehensive estate planning and asset protection solutions.

Asset Protection Strategies Available in Florida

There are several protections for assets available under Florida state law.

Common strategies for asset protection in Florida include:

  • Homestead (personal residence) protection
  • IRAs, pensions, and profit sharing
  • Domestic business entities
  • Life insurance policies and Annuities
  • Disability income
  • Prepaid college plans
  • Automobile exemption
  • Pre- and Post-Nuptial Marital Agreements
  • Domestic and Offshore Trusts

What Happens if I Don't Protect My Assets?

Failing to establish a comprehensive estate plan can create major problems for your beneficiaries. After your death, creditors may take legal action against your estate, seeking a portion of the assets you've left behind. Other vulnerabilities that your assets may be at risk of include personal injury lawsuits and forms of liability.

An effective, well-drafted asset protection plan can make a difference in the success of a legal action taken against your estate. Although it may seem complex, asset protection does not have to be confusing or expensive, but it must be done properly and thoroughly.

No matter your circumstances, asset protection plans are best if they are implemented early on. Our Longwood asset protection attorneys can work with you to ensure all of your financial interests are covered.

Reach out to Levy & Associates P.A. today at (407) 439-2822 or by contacting us online to schedule a case consultation.

Why Hire Levy & Associates P.A.?

  1. We are a multi-practice law firm
  2. We offer affordable solutions
  3. We create tailored strategies based on your goals
  4. We have a diverse team with broad legal background
  5. We have decades of combines legal experience
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